Reported 1 day ago
UBS Group AG has joined Goldman Sachs in forecasting an extended rally for gold, projecting prices to reach $2,900 per ounce by the end of next year due to increased central bank holdings. Despite anticipated consolidation from a stronger dollar and concerns over U.S. fiscal policy, analysts expect that continued demand from central banks and geopolitical uncertainties will drive gold prices higher, potentially reaching $2,950 per ounce by the end of 2026.
Source: YAHOO