The Swiss banking giant UBS has revised its gold forecast.

17.03.2025 12:22

The Switzerland-based global financial services bank UBS has revised its expectations for gold prices following global developments. Accordingly, UBS has changed its previous forecast for gold per ounce. The bank's expectation for gold per ounce in 2025 has been raised to $3,200.

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The famous Swiss bank UBS has updated its gold price forecasts. The company has changed its previously set gold price forecast and published a new estimate. This change is reported to be due to recent fluctuations in the gold markets and global economic uncertainties. The bank's expectation for gold in 2025 has been raised to $3,200 per ounce.

UBS'S NEW FORECAST IS $3,200

UBS, which set its gold forecast for 2025 at $3,000 per ounce, has become the latest bank to raise its price outlook for gold amid increasing likelihood of a prolonged global trade war. The bank's statement included a prediction that bullion gold would trade at $3,200 per ounce by the end of this year. The reason for the upward revision of the forecast was attributed to the increasing trade conflicts, which have shown the role of the precious metal as a store of value during uncertain times.