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UBS Boosts Gold Target to $3,200 as Risks Elevate
Financial Express Kochi
|March 18, 2025
UBS Group became the latest bank to raise its price outlook for gold on increasing chances of a protracted global trade war—a scenario that analysts expect will continue to drive investors to scoop up more of the ultimate haven asset.
UBS Group became the latest bank to raise its price outlook for gold on increasing chances of a protracted global trade war—a scenario that analysts expect will continue to drive investors to scoop up more of the ultimate haven asset. Bullion is set to trade at $3,200 an ounce in the next four quarters—an upward revision from the bank's previous long-held forecast of $3,000—with an escalating trade conflict underscoring the precious metal's role as a store of value in uncertain times, analysts including Wayne Gordon and Giovanni Staunovo, said in
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