Gold volatility will continue, but price should hit $2,900/oz in 2025 on geopolitics and fiscal concerns – UBS
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UBS predicts that gold prices will continue to be volatile but are expected to reach $2,900 per ounce by 2025 due to geopolitical and fiscal concerns.
November 26, 2024 | 5:15 pm
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UBS forecasts that gold prices will reach $2,900 per ounce by 2025, driven by geopolitical and fiscal concerns, despite ongoing volatility.
UBS's forecast on gold prices suggests a positive outlook for the commodity, which could enhance UBS's reputation as a reliable financial institution. This may attract more clients and investments, potentially boosting UBS's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80