11 April 2025 | Gold

UBS raises its 2025 gold price forecast to $3,500

UBS raises its 2025 gold price forecast to $3,500

Swiss bank UBS has revised its gold price forecast upward, projecting the metal will reach $3,500 per ounce in 2025. Bank strategist Joni Teves cites the precious metal’s growing role as a safe-haven asset amid trade uncertainty, geopolitical risks, and slowing global economic growth.

Investors are pouring into gold at levels comparable to peak demand during the COVID-19 pandemic. Demand from both central banks and private investors continues to rise. Teves emphasizes that constrained supply, driven by both low mine output and scant recycling, is propping up prices.

The strategist also warns of potential liquidity risks stemming from high demand and tight supply. Despite these concerns, UBS expects gold prices to remain elevated over the long term.

Period: 24.07.2026 Expectation: 650 pips
Brent crude still has upside potential after consolidation
Yesterday at 11:28 AM 29
Period: 17.08.2026 Expectation: 650 pips
Selling AUDCAD down to 0.97500
Yesterday at 10:07 AM 24
Period: 24.07.2026 Expectation: 950 pips
USDCAD is bottoming out after recent pullback from July highs
Yesterday at 07:21 AM 26
Period: 01.08.2026 Expectation: 2400 pips
GBPUSD sell-off targets 1.31500
Yesterday at 06:18 AM 25
Gold sell
Period: 31.07.2026 Expectation: 250 pips
Selling gold down to $4,000
Yesterday at 06:13 AM 32
Period: 23.07.2026 Expectation: 1090 pips
USDJPY sell-off targets 161.030 amid lower market volatility and higher inflation expectations in Japan
16 July 2026 21
Go to forecasts