Gold price forecasts hiked by UBS and Goldman Sachs
Portfolio Pulse from
Goldman Sachs and UBS have increased their gold price forecasts, predicting prices to rise to $3,100 or even $3,200 per ounce. Goldman Sachs cites higher central bank demand, while UBS suggests a peak this year before stabilization.
February 18, 2025 | 2:45 pm
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POSITIVE IMPACT
Goldman Sachs has raised its gold price forecast to $3,100 per ounce for 2025, citing increased central bank demand.
Goldman Sachs' forecast increase suggests confidence in gold's future value, potentially boosting investor sentiment and stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
UBS predicts gold prices could reach over $3,200 this year, with a gradual easing and stabilization at elevated levels.
UBS's optimistic forecast may enhance investor confidence in the firm's market insights, potentially benefiting its stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80