UBS forecasts gold to $3,500/oz ...Middle East

Unlike past conflicts that triggered genuine supply shocks, UBS sees the current episode as unlikely to have lasting market impact. It advises investors to buy on dips, viewing any pullback as a buying opportunity rather than the start of a sustained downturn.

sees gold rising to $3,500/oz by end-2025 as demand climbs for both strategic and inflation-hedging assets.

Bottom line: UBS sees the geopolitical fear as excessive and expects markets to remain underpinned by supportive policy, resilient wages, and AI-led productivity gains.

This article was written by Eamonn Sheridan at www.forexlive.com.

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