Goldman and UBS Hike Gold Forecast. Why the Rally Has Legs. - Barron's
1. Gold price surged to $2,928.10 per ounce, nearing record highs. 2. UBS predicts gold could reach $3,200 per ounce in 2024. 3. Market conditions and macroeconomic uncertainty are boosting gold's safe-haven appeal. 4. Goldman Sachs also raised 2025 gold forecasts, now projecting $3,100 per ounce. 5. Investor sentiment is shifting towards timely investment in gold amid uncertainties.