News Sharing
For sharing news, please enter the email address of you and the receiver, then press SEND button.*Mandatory Fields
Receiver*
Enter email addresses, separated by semicolon (;). E.g. a@a.com;b@b.com
Your email address*
 Content Sharing
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...
Reset
Send
The window will close in 5 seconds
UBS Predicts Gold Rally Not Over, Possibly Reaching US$2.7K by Mid-2025
Close
Recommend
10
Positive
18
Negative
16
 
SHORT SELL
 
STOCK INFO

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.

Related NewsG Sachs Raises Yr-End Gold Price Forecast to USD3,300
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.

AAStocks Financial News
Copyright(C) AASTOCKS.com Limited 2000. All rights reserved.
Disclaimer: AASTOCKS.com Ltd, HKEx Information Services Limited, its holding companies and/or any subsidiaries of such holding companies endeavour to ensure the accuracy and reliability of the Information provided but do not guarantee its accuracy or reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions.