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UBS Predicts Gold Rally Not Over, Possibly Reaching US$2.7K by Mid-2025
Spot gold price hit a historic high this Monday (23rd), reaching an intraday peak of US$2,634 per ounce during early Asian trading, UBS Wealth Management APAC's Chief Investmen...
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UBS Predicts Gold Rally Not Over, Possibly Reaching US$2.7K by Mid-2025
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Spot gold price hit a historic high this Monday (23rd), reaching an intraday peak of US$2,634 per ounce during early Asian trading, UBS Wealth Management APAC's Chief Investment Office noted.

UBS believed the gold rally is not yet over. Factors such as the Fed's loose monetary policy, heightened geopolitical tensions, and ongoing diversification strategies by central banks are driving gold prices up.

Consequently, UBS remained most optimistic on gold. Driven by institutional and ETF demand, gold demand is expected to remain strong until next year. By mid-2025, gold prices could reach US$2,700 per ounce.

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