UBS Predicts Gold Prices To Reach $3,000

Leading Swiss slope UBS remains bullish connected golden prices and predicts it’s connected the mode to breaching the $3,000 mark. The starring concern slope forecasts that the glittery metallic could scope the threshold successful the adjacent 3 months. The bullish divergence stems from the increasing request for golden from retail investors, organization funds, and cardinal banks.

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In addition, golden is seen arsenic a harmless haven during Trump’s commercialized wars that could impact the mean travel of the planetary markets. The glittery metallic has not mislaid its entreaty since 2022 and the request for it remains intact. Gold prices person surged 9.15% year-to-date and are among the apical performers successful the broader commodity markets.

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Gold On Track to Hit $3,000: UBS

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UBS wrote successful its caller study that golden prices are connected way to breach the $3,000 people during Q2 of 2025. The prediction indicates that it could scope determination successful 3 months arsenic aboriginal arsenic May this year. Gold prices are presently trading astatine the $2860 people and person sustainably scaled up successful the indices for 2 years.

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“While we admit the existent spot terms of $2,870/oz is supra our fair-value estimate, gold’s enduring entreaty arsenic a store of worth and hedge against uncertainty has again proven itself,” UBS strategists led by Mark Haefele said successful the research note.

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In addition, adjacent planetary concern slope Citi wrote that golden prices volition scope $3,000 sooner than expected. Citi besides forecasted that the XAU/USD scale could scope $3,000 successful the adjacent 3 months. Read here to cognize much astir Citi’s caller terms prediction connected gold’s prospects.

Since the past year, golden prices person surged a monolithic 40% successful the charts. It is among the top-performing assets successful the commodity markets on with metallic and the US dollar. The trio is dominating the charts with investors making a beeline to accumulate the assets.