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UBS has raised its gold price forecast, anticipating a continued record rally driven by geopolitical tensions and strong central bank demand. The bank now expects gold to reach $3,200 per ounce later this year, with prices remaining above $3,000 by year-end, as demand from central banks, particularly China, surges. Additionally, a new pilot program in China allowing insurers to invest in gold could further bolster the market.
Gold prices are on a record rally, driven by geopolitical tensions and US trade policies, with UBS raising its price target to $3,200 for later this year. Central bank demand, particularly from China, is also contributing to this upward trend, as gold is increasingly viewed as a safe haven asset amid economic uncertainty. Investor positioning remains weak, indicating potential for further portfolio additions.
Gold prices are projected to reach $3,200 per ounce in 2025, following a 10% increase to $2,900 this year, driven by strong demand and a bullish market sentiment amid global uncertainties. Analysts note that while Western investors have been cautious, central banks and Asian investors have fueled the current rally, suggesting potential for further growth as investor interest may shift later this year.
Gold prices are projected to rise to $3,100 or even $3,200 an ounce, driven by increased central bank demand and a bullish market sentiment amid economic uncertainty. UBS and Goldman Sachs highlight factors such as investor positioning and liquidity issues that could amplify price rallies. While silver and platinum may outperform gold in percentage terms, they face challenges related to volatility and market conditions.
Gold has surged to $2,928.10 per troy ounce, just 0.6% shy of its record high, as Wall Street anticipates continued strength in the precious metal. UBS analyst Joni Teves notes that favorable market conditions have led to increased gold price forecasts, with a peak expected later this year.
UBS has raised its gold price forecast to over $3,200 by 2025, driven by strong central bank demand, underinvested investors, and positive market momentum. The bank anticipates gold will peak later in 2025, while expectations for silver, platinum, and palladium remain unchanged, with gold being the preferred precious metal.
UBS has raised its gold price forecast for 2025, projecting a peak of over $3,200, driven by strong demand and bullish sentiment. As gold prices have already reached record highs early in the year, investors are expected to act quickly on market corrections. While UBS maintains its forecasts for white precious metals, silver may experience higher volatility, and platinum's appeal could be limited by market conditions.
UBS analysts predict gold prices could reach $2,900 per ounce by the end of 2025, citing strong support despite recent profit-taking and a new Treasury Secretary viewed as a fiscal hawk. They anticipate continued volatility influenced by inflation, interest rates, and geopolitical tensions, while noting that investor allocations in precious metals remain low, indicating potential for growth in both gold and mining stocks.
Gold prices are expected to reach $2,900 per ounce by the end of 2025, driven by geopolitical tensions and fiscal concerns, according to UBS analysts. Despite recent declines due to profit-taking and shifting rate-cut expectations, the outlook remains positive, with strong support for gold and continued central bank buying anticipated. Currently, spot gold is trading around $2,628.84 per ounce, reflecting a 27.4% increase in 2024.
Gold prices are expected to rise further, with UBS projecting a year-end target of $2,800 and a $3,000 target for next year, driven by central bank purchases and light investor allocations. Despite recent highs, the market remains under-invested, suggesting potential for increased allocations. The ongoing geopolitical risks and uncertainty ahead of the US Presidential elections may lead to volatile price action, but the overall outlook for gold remains positive.
Joni Teves
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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