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Gold prices surged past $3,100 per ounce in March, marking a nearly 10% monthly increase and a 19% rise year-to-date, driven by strong investment demand and geopolitical concerns. In the first quarter of 2025, gold ETFs saw inflows of 130 to 150 metric tons, reversing last year's outflows, as central banks and private investors increased their gold holdings amid economic uncertainties. UBS maintains a price target of $3,200 per ounce, with a potential rise to $3,500 if geopolitical risks escalate.
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.
Gold prices have reached an all-time high, surpassing $3,000 per ounce, achieving a target set by UBS Global Wealth Management. Wayne Gordon, managing director at UBS CIO in Singapore, discusses the potential for further price increases in the market.
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 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.
Gold prices have surged to a record high of $3,004.94 per ounce, prompting UBS to raise its price forecast to $3,200. The strategists attribute this rally to ongoing policy risks and a potential trade war, which has increased safe-haven demand for gold. Additionally, strong inflows into ETFs and significant purchases by central banks, particularly from China and Poland, are expected to support the market further.
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 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.
Gold prices have reached a record high of over $3,000 per ounce, currently stabilizing just below $2,900. UBS predicts further increases, revising its target to $3,200, driven by ongoing safe-haven demand amid trade tensions and potential Federal Reserve rate cuts. Central bank purchases, particularly from China and Poland, are also expected to support the market.
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.
Wayne Gordon
People
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