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Another investment bank ups its gold price forecast

The precious metal has multiple tailwinds

Michael Quinn
The gold price has broken into uncharted territory in 2025.

The gold price has broken into uncharted territory in 2025. | Credits: Shutterstock AI

UBS has joined peer Goldman Sachs in forecasting a gold price of US$3100 per ounce by the end of 2025. UBS's previous estimate was for a price of $2900/oz.  It also increased its long-term gold price...

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