12.04.2025 11:25
As the global trade war led by the United States intensifies, uncertainty in the financial markets is also increasing. In this environment, global banks, including UBS and Deutsche Bank, have updated their expectations regarding gold prices.
The world's leading banking institutions have updated their gold price forecasts. According to the new predictions, fluctuations in gold prices will continue to increase due to global uncertainties. Under the shadow of global developments, the ounce of gold has gained 6.45% on a weekly basis and closed at $3,237. The ounce also tested the record level of $3,245.
$3,500 DISCUSSIONS HAVE STARTED
Following the increase in global risks, forecasts regarding gold prices have also been updated and raised. In 2025, Bank of America expressed a forecast of $3,400, Goldman Sachs $3,300, and Macquarie Group $3,500. Deutsche Bank has raised its average gold price forecast for 2026 to $3,700.
"WE ARE RAISING OUR GOLD PRICE TARGET"
Zurich-based Swiss bank UBS announced its gold forecast for 2025 as $3,500. In the assessment made by the bank, it was stated, "Gold has surpassed $3,200 and reached unprecedented levels. This historic rise is fueled by a perfect storm of factors such as tariffs, increasing geopolitical tensions, inflation fears, and changing interest rate outlooks. Along with ongoing risks, we are raising our gold price target to $3,500. We are also adjusting our upper and lower forecast range to the band of $3,200-$3,800," it was said.