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It's been a dazzling week for gold. Why one firm says there's more room to run.
Gold has rewarded investors with two record highs this week. There's plenty more highs where those came from, strategists at UBS Global Wealth Management chief investment office are telling clients. Their target on the precious metal was boosted a fifth time this year - the latest to $3,800/ounce from $3,500/oz for 2025, and to $3,900/oz from $3,700/oz by mid-2026. "Gold broke out from the relatively tight trading range it has held sincemid-April in recent weeks, amid downside surprises to U.S. payrolls data,which triggered a swift repricing of Federal Reserve rate cut expectationsby market participants," said the ... (full story)
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From brecorder.com | Sep 12, 2025
Gold prices rose on Friday and were set for a fourth consecutive weekly gain, as mounting concerns over a weakening U.S. labour market eclipsed inflation worries ahead of a widely expected Federal Reserve rate cut next week. Spot gold was up 0.5% at $3,651.92 per ounce, as of 0609 GMT. The contract hovered near a record high of $3,673.95 touched on Tuesday. ...
Prior was 58.2 • Current conditions 61.2 vs 61.3 expected (prior 61.7) • Expectations 51.8 vs 54.9 expected (prior 55.9) • 1-year inflation 4.8% vs 4.8% prior • 5-year inflation 3.9% vs 3.5% prior The University of Michigan survey was once the gold-standard in confidence surveys but it's been slowly eroded by the politicization of everything and it's more ...
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