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UBS Bullish on Gold: Price Target Elevated to $3,200 as ETF Inflows Accelerate

Gold Prices Rise on Fed Rate Cut Bets; Silver Hits 13-Year Peak
Gold Prices Rise on Fed Rate Cut Bets; Silver Hits 13-Year Peak

UBS has raised its gold price target to $3,200/oz (up from $3,000/oz) as gold ETF inflows accelerate.

This increase reflects growing investor demand for defensive assets amid escalating uncertainties, continued central bank buying, and unclear Fed policy direction.

UBS maintains its preference for gold, recommending investors use price pullbacks as buying opportunities and continue allocating approximately 5% to gold in USD-balanced portfolios for optimal long-term diversification.

Eight more from the desk

Other dispatches from the bullion wire.