UBS Predicts Gold Prices to Climb $2,900/oz by 2025
UBS reports that gold prices have maintained stability at approximately $2,650 per ounce despite pressures from a robust US dollar and rising Treasury yields. Investor sentiment has shown improvement towards US equities, yet these external factors have exerted a 4.7% decline since the peak at the end of October. Looking ahead, UBS forecasts a further rise in gold prices, with a target of $2,900 per ounce by 2025, prompting interest among long-term investors in gold assets.
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