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gold prices soar as market uncertainty drives safe haven demand
Gold prices have surged, with UBS raising its forecast to $3,200 per ounce amid ongoing trade tensions and market uncertainty. While gold has gained over 14% year-to-date, platinum has struggled, down 3.39%, as ETFs offload the metal. Analysts remain bullish on gold, citing strong demand and central bank purchases, despite potential risks from India's gold bond program and fluctuating investor sentiment in China.
ubs raises gold price forecast to 3200 amid trade war concerns
UBS Group AG has raised its gold price forecast to $3,200 an ounce, driven by escalating trade tensions and recession fears. This marks an increase from the previous estimate of $3,000, as analysts highlight gold's role as a safe haven asset amid ongoing global uncertainties.
ubs raises gold price target to 3200 dollars amid trade war concerns
UBS has raised its gold price target to $3,200 per ounce, citing a protracted global trade war and increasing safe-haven demand as key factors. The bank's analysts noted that the recent surge in gold prices, surpassing $3,000, is supported by strong ETF inflows and robust central bank purchases, which could reach around 1,000 metric tons annually. This shift in market dynamics reflects a growing reliance on gold as a store of value amid economic uncertainties.
ubs raises gold price target to 3200 amid trade war concerns
UBS has raised its gold price target to US$3,200 an ounce, citing heightened trade risks and a deteriorating US economic outlook as key factors driving demand for the precious metal. Analysts predict ongoing haven demand amid escalating trade conflicts and potential interest-rate cuts by the Federal Reserve. Other banks, including Macquarie and BNP Paribas, have also increased their forecasts, highlighting strong inflows into bullion-backed ETFs and robust central bank purchases as crucial support for prices.
ubs raises gold price outlook amid escalating trade war tensions
UBS has raised its gold price forecast to $3,200 an ounce, citing increased haven demand due to escalating global trade tensions and a deteriorating US economic outlook. The bank emphasizes the importance of gold as a store of value, with central bank purchases expected to remain strong, supporting prices. Other banks, including Macquarie and BNP Paribas, have also increased their gold price targets recently.
ubs raises gold price target to 3200 amid trade war concerns
UBS has raised its gold price target to $3,200 an ounce, citing heightened trade war risks and a deteriorating US economic outlook. Analysts predict ongoing demand for gold as a safe haven, with central bank purchases expected to remain strong, supporting prices. Other banks, including Macquarie and BNP Paribas, have also increased their forecasts for the precious metal.
natural gas prices face near-term pressure despite rising export forecasts
Cold weather in the US has driven natural gas prices to their highest levels since late 2022, but milder forecasts for February pose a risk of price declines. Despite this, US LNG exports are reaching record highs, supported by new terminal operations, while inventories are expected to end the withdrawal season lower than previously anticipated. The outlook remains cautious, with a preference to wait for a price setback before making recommendations.
platinum market forecast for 2025 highlights supply deficit and demand growth
UBS forecasts a positive outlook for platinum in 2025, driven by industrial activity and a projected supply deficit of 500,000 ounces. While demand for autocatalysts is expected to rise, stable jewelry demand and a slight decrease in industrial demand are anticipated. The bank notes that lower interest rates and a weaker US dollar could support prices, although tariffs may pose risks.
UBS predicts potential rise in Brent crude prices amid sanctions on Russia
UBS Global Wealth Management's Giovanni Staunovo highlights the potential for oil prices to exceed the $80 Brent crude forecast due to expanded U.S. sanctions on Russian energy. This development suggests a significant shift in the oil market landscape.
sweep co-founder discusses impact and innovation in global challenges
Raphael Güller, co-founder and chief product officer of Sweep, discusses the company's origins and its role in the UBS Pitch for Purpose event, emphasizing the importance of supporting organizations that tackle significant global challenges. He is joined by Tom Hall, UBS's global head of social impact, at Monocle’s Zürich HQ.
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