Citi and UBS raise their gold targets to $3,000 on tariffs, central bank buying and safe-haven demand
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Citi and UBS have raised their gold price targets to $3,000 due to factors like tariffs, central bank buying, and increased safe-haven demand.
February 06, 2025 | 4:30 pm
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UBS has increased its gold price target to $3,000, citing tariffs, central bank buying, and safe-haven demand as key factors.
UBS's decision to raise its gold price target suggests a positive outlook on gold, which may attract more investors to UBS's financial products related to gold, potentially boosting its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80