Several sources indicate a strong possibility of gold prices reaching and surpassing the $3,600 an ounce mark in the near future.
Key takeaways
- Ventura Securities’ Forecast:Â Ventura Securities predicts that COMEX gold futures could reach $3,600 per ounce by the end of 2025.
- UBS Forecast:Â UBS has a more extended outlook, predicting gold to hit $3,600 by March 2026 and further climb to $3,700 by mid-2026.
- Driven by multiple factors:Â This anticipated surge is driven by a combination of global economic headwinds, rising geopolitical risks, inflationary pressures, a weakening US dollar, and strong investment demand from ETFs and central banks.
- Strong historical performance:Â Gold has a track record of delivering positive returns in times of uncertainty and outperforming other asset classes like equities.
- Diversification and Hedge:Â Gold is seen as a valuable diversifier and a hedge against inflation and market volatility, making it attractive to investors.
- Indian Market Trends:Â India has also seen increased participation in the gold investment market, with strong growth in gold ETFs and investor accounts.
