UBS goal US$2,900 gold year-end 2025 – most popular hedge towards geopolitical tensions
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The gold value has fallen away to open the week right here in Asia, to lows circa USD2690. Down from a three-week excessive.
On Friday UBS despatched out a word confirming their US$2,900 goal for gold by year-end 2025.
Analysts cite:
- gold the “most popular hedge towards geopolitical tensions” (UBS cite Russia’s launch of an experimental hypersonic missile at Ukraine … Zelenskiy referred to as it ‘a transparent and extreme escalation’)
- suppose USD energy has limits, greenback’s valuation is probably going now stretched
Gold replace – shaky begin to the brand new week:
This text was written by Aaron Cutchburt at www.ubaidahsan.com.
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