17.02.2025 15:22
The Switzerland-based financial giant UBS has made a new prediction regarding gold prices. According to the new forecast, which is closely monitored by gold investors and market followers, it is anticipated that the yellow metal could rise above the $3,200 level.
UBS Group AG, a Zurich-based Swiss bank and one of the world's largest asset managers, made a striking prediction regarding gold prices for 2025. It was noted that the price of gold, currently hovering around $2,897 per ounce, could reach $3,200 within the year.
"GOLD PRICES WILL REACH A PEAK BY YEAR-END"
The precious metal, which ended 2024 with records, continues to trade at record levels in the new year. UBS analysts have revealed their new expectations regarding the strong gold prices. According to them, influenced by central bank purchases, precious metal prices will reach even higher levels. In their statements, analysts noted, "We are still in February, but a lot has happened in the financial markets. Looking specifically at the gold market, unprecedented price movements and record levels have been recorded since the beginning of the year."
According to the statement, which mentioned that forecasts have been reassessed, it is anticipated that gold will reach its peak level in the fourth quarter of 2025. The statement highlighted, "Our new assessment indicates that gold will rise to a level higher than we previously predicted."