Citi and UBS increase gold price forecasts due to trade tensions, predicting higher prices.

From Investing.com

February 10, 2025 06:51:30 AM:

Citi and UBS have raised their gold price forecasts due to ongoing trade tensions, predicting higher prices for the precious metal. This comes as investors seek safe-haven assets amid market uncertainty. Citi now forecasts gold to reach $1,500 per ounce, while UBS predicts a rise to $1,600 per ounce.

Read more at Investing.com: Citi, UBS raise gold price forecasts amid trade tensions