UBS target US$2,900 gold year-end 2025 – preferred hedge against geopolitical tensions

The gold price has fallen away to open the week here in Asia, to lows circa USD2690. Down from a three-week high.

On Friday UBS sent out a note confirming their US$2,900 target for gold by year-end 2025.

Analysts cite:

• gold the “preferred hedge against geopolitical tensions” (UBS cite Russia’s launch of an experimental hypersonic missile at Ukraine … Zelenskiy called it ‘a clear and severe escalation’)
• think USD strength has limits, dollar’s valuation is likely now stretched

Gold update – shaky start to the new week:

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