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UBS gold price target raised to $3,800/oz by end-2025
UBS raised its gold price forecast on Friday by $300 to $3,800 per ounce by the end of 2025, and by $200 to $3,900 by mid-2026, citing anticipated Federal Reserve easing and U.S. dollar weakness linked to rate cuts and geopolitical risks. The Swiss bank also revised its estimate for gold exchange-traded fund holdings, projecting levels to exceed 3,900 metric tons by the end of 2025, approaching the previous record of 3,915 tons set in October 2020. "We maintain an Attractive view on gold and stay long the metal in our global asset allocation. Moreover, our analysis suggests a mid-single-digit percentage ... (full story)