Gold futures could reach $3.2K: UBS raises forecast
Swiss bank UBS has revised its gold forecast, expecting prices to rise to $3.2K per ounce. Analysts attribute this to the increasing demand for safe-haven assets.
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Gold futures could rise to $3.2K per ounce in the fourth quarter of 2025, according to analysts at Swiss bank UBS, reports Interfax-Ukraine.
This is higher than their previous forecast of $3K, which the metal surpassed last week.
Experts led by Wayne Gordon and Giovanni Staunovo note that gold demand is strengthening amid trade conflicts and the threat of a recession in the U.S.
In their opinion, investors are turning to safe-haven assets, driving prices higher. UBS also recommends keeping at least 5% of a portfolio in gold for long-term diversification.
The optimism was echoed by DoubleLine Capital founder Jeffrey Gundlach, who predicted that gold could reach $4K per ounce.
According to him, central banks continue to buy gold aggressively, which may accelerate its price growth. However, Gundlach is not sure that the $4K mark will be reached in 2025.
Amid these forecasts, April gold futures were trading at $3,002.8 per ounce on Monday, up 12.7% since the beginning of the year.
Earlier, it was reported that the U.S. is taking a new approach to cryptocurrency policy: Donald Trump signed an order to create a Strategic Bitcoin Reserve and a State Digital Asset Fund.