Gold Takes a Breather at $3,500, But Bulls Remain in Control
UBS analysts remain bullish on gold despite its recent price consolidation after reaching a record $3,500 in April.
The bank cites ongoing uncertainty around U.S. tariffs, fiscal policy, and Federal Reserve decisions as factors that make gold an attractive portfolio diversifier.
Strong demand from central banks, ETF inflows, and physical investment continues to support gold’s outlook, with the current pause viewed as healthy for future price increases.
