Analysts Predict Gold to Reach $3,200 Later This Year

Gold prices have already increased 10 percent in 2025 to $2,900 (£2,300), but UBS has upgraded its target price for the precious metal again. UBS analyst Joni Teves said gold has had “unprecedented market dislocations” and reached a record high in 2024, but it’s only expected to move higher in 2025. Teves explained that the gold market is currently experiencing “deep-rooted bullish sentiment,” with the metal seen as a safe-haven asset amid a highly uncertain and volatile macro environment. “After missing…