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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.
The UBS ‘Global Entrepreneur Report’ reveals insights from entrepreneurs within the bank's client base, highlighting key developments that could influence industry growth and personal wealth. The report marks a significant step in understanding the entrepreneurial landscape through direct feedback. Additionally, various UBS episodes explore topics such as women's wealth, billionaire ambitions, and the impact of economic trends, providing a comprehensive view of current financial dynamics and investment strategies.
Citi and UBS have both raised their gold price forecasts to $3,000 per ounce, driven by increasing safe-haven demand amid geopolitical tensions and trade wars. Citi anticipates this surge will continue, supported by central bank buying and a strong U.S. dollar, while UBS highlights gold's enduring value as a hedge against uncertainty. Despite recent selling pressure, the outlook for gold remains bullish through 2025.
UBS and Citi have raised their gold price forecasts, with UBS predicting $3,000 per ounce in 12 months, driven by ongoing global uncertainty and strong demand. Citi also increased its short-term target to $3,000, citing geopolitical tensions and trade wars as key factors supporting the gold bull market. Both firms expect robust gold prices despite potential tariff risks.
Citi and UBS have raised their gold price forecasts, predicting a continued bull market for the precious metal. UBS now anticipates gold will reach $3,000 per ounce within 12 months, while Citi has upgraded its short-term target to the same level, citing ongoing geopolitical tensions and strong demand from investors and central banks. Despite potential tariff concerns, both firms expect gold's appeal as a safe-haven asset to drive prices higher.
Investor sentiment is heavily influenced by the recent tariff hikes ordered by President Trump on Canada, Mexico, and China, raising concerns about a potential trade war. UBS's Mark Haefele anticipates a 30% effective tariff rate on China, with possible retaliatory measures, while maintaining a positive outlook for US equities, expecting a 10% upside by the end of 2025 due to strong economic growth and AI advancements. He advises investors to prepare for volatility and emphasizes the importance of diversification in their portfolios.
Insights on women's wealth were shared at the Equality Lounge during the World Economic Forum in Davos, featuring Emma Wheeler from UBS Global Wealth Management. The discussion focused on unlocking investment potential for female founders and the significant wealth transfer occurring across genders and generations. Additionally, various UBS episodes explored topics such as billionaire wealth trends, investment strategies, and the impact of economic barriers on women, highlighting the importance of collaboration in the financial landscape.
The World Economic Forum's annual meeting focused on "Collaboration for the Intelligent Age," with UBS Global Wealth Management chief economist Paul Donovan discussing the risks of "scapegoat economics." The event highlighted the importance of collaboration in addressing economic challenges and fostering innovation. Additionally, various UBS reports explored billionaire wealth, investment strategies, and the impact of economic barriers, particularly for women.
The UBS Billionaire Ambitions Report, now in its 10th edition, analyzes the wealth of over 2,500 billionaires across the Americas, EMEA, and APAC. This comprehensive study includes insights from an online survey of billionaire clients worldwide, revealing key trends and perspectives on wealth management. Maximilian Kunkel, UBS's chief investment officer for global family and institutional wealth, discusses the findings and implications for investors.
Mark Haefele
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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