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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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- Sep 12, 2025 10:10am Posted byFundamental Analysis261
