UBS expects gold rally to continue in 2025, with prices projected to reach $2,900/oz

From Investing.com: 2024-12-18 04:38:37

UBS strategists are optimistic about gold’s performance heading into 2025, as the precious metal remains steady around $2,650/oz this week. Gold has risen 28% since the start of the year, outperforming the equity index. Central banks’ continued accumulation of gold is expected to drive upside in prices next year, with net purchases hitting record levels in October. Investor demand for gold as a hedge is likely to rise amid uncertainties in fiscal, trade, and geopolitical developments. Lower interest rates and a weaker US dollar are also expected to support gold prices, with UBS projecting gold to reach $2,900/oz by the end of 2025.



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