From Financial Modeling Prep: 2025-03-18 06:03:39

Gold has hit a record high of $3,004.94 per ounce, with UBS raising its price target to $3,200. The metal has surged 27% in 2024 and 14% year-to-date, driven by safe-haven appeal. Policy risks and trade conflict continue to support gold, with a shift in market sentiment towards the metal.

UBS predicts gold’s rally will persist amid geopolitical and economic uncertainties. Technical support is at $2,850 per ounce, with ETF inflows boosting its trajectory. However, easing trade tensions or policy shifts could lead to a correction. Monitoring these factors is crucial for investors gauging gold’s sustainability.

For reliable data on gold market trends and technical indicators, consider using Financial Modeling Prep APIs. The Commodities API offers real-time data on gold prices and market sentiment, while the Technical (Williams %R) API helps analyze overbought or oversold conditions in gold. Leveraging these APIs can assist investors in navigating the volatile gold market landscape and making informed decisions.



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