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Gold will continue to shine this year! UBS Group has raised its gold price target to 3,200 dollars by the end of the year.
① Due to an "unprecedented market dislocation" in the Gold market, UBS Group expects that gold prices will climb to $3,200 later this year and stabilize around $3,000 by the end of the year. ② Affected by tariff uncertainties, concerns over stagflation, and ongoing global conflicts, gold is viewed as a safe-haven asset.
Why UBS and Goldman Sachs Are Boosting Their Gold Forecasts
Commodity Roundup: Goldman Sachs Boosts Year-end Gold Price Forecast to $3,100; Oil Edges Higher
Goldman Sachs: Raises the gold target price to $3,100 per ounce by the end of 2025.
The Fed's two rate cuts will gradually boost ETF holdings.
The central bank's demand is strong, Goldman Sachs has raised the Target Price for Gold, aiming for 3100 dollars!
Goldman Sachs believes that rising concerns over inflation and fiscal risks may drive central banks to purchase more Gold, especially those holding a large amount of U.S. Treasury bonds. Compounded by increasing worries over Trump's destructive tariff policies, Goldman Sachs has raised the year-end Target Price to $3,100, stating, “If economic policy uncertainty persists, increased speculative positions may drive Gold prices soaring to $3,300.”
As gold prepares to surge towards 3000 dollars, Wall Street begins to envision 3500 dollars.
Goldman Sachs raised its gold price forecast to $3,100 by the end of 2025.