UBS raises gold price target after the yellow metal hits new record
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UBS has increased its gold price forecast to $3,000 per ounce due to rising investor demand, central bank purchases, and global uncertainty. This comes after gold reached a new high of $2,870 per ounce, influenced by tariffs, geopolitical tensions, and anticipated lower interest rates.
February 06, 2025 | 10:15 am
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UBS has raised its gold price target to $3,000 per ounce, reflecting increased investor demand and global uncertainty. This move follows gold's new record high.
UBS's decision to raise its gold price target suggests confidence in the metal's continued demand and potential price increase, which could positively impact UBS's market perception and stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80