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Citi and UBS have raised their gold price forecasts to $3,000 per ounce, driven by escalating trade tensions and significant central bank purchases. With gold currently trading at $2,860, both institutions highlight its role as a safe haven amid geopolitical uncertainties and economic concerns.
Major financial institutions, including Citi and UBS, have raised their gold price forecasts amid rising trade tensions and increased central bank purchases. Citi now targets $3,000 an ounce in the short term, while UBS has adjusted its 12-month forecast to the same level, reflecting gold's appeal as a safe-haven asset amid global uncertainties. The metal is currently trading at $2,860, marking a 9% increase since the year's start.
Citi and UBS have raised their gold price forecasts, reflecting a positive outlook amid rising trade war concerns and significant central bank purchases. Citi's near-term target is now $3,000 per ounce, while UBS has increased its 12-month forecast to the same level, citing gold's enduring appeal as a safe-haven asset. The precious metal is currently trading at $2,860, up 9% this year, driven by geopolitical tensions and economic uncertainty.
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Citi and UBS raise gold price forecasts amid trade tensions and uncertainties
12:54 10.02.2025
gold price forecasts rise as trade tensions and central bank demand increase
12:52 10.02.2025
financial institutions raise gold price forecasts amid market uncertainties
12:52 10.02.2025
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