UBS Projects Gold Prices to Reach $3,800 Per Ounce by End of 2025
Deutsche Bank revises its gold price outlook for 2025, citing favorable market conditions and strong official demand, while also increasing its silver price forecast for 2026.
Fact Check
The statement is directly and explicitly confirmed by the most recent evidence provided. A Reuters article dated September 12 (Sources 1, 4, 8) states, 'UBS raised its gold price forecast on Friday by $300 to $3,800 per ounce by the end of 2025.' While other sources show older, lower forecasts from earlier in the year, the report from Reuters is the most current and comes from a highly credible news agency, making the evidence for the statement very strong.
- Reference: 1
Summary
Deutsche Bank has increased its 2025 gold price forecast to $4,000 per ounce, up from $3,700, citing favorable foreign exchange and interest rate conditions. The bank expects strong official demand for gold to continue and has raised its 2026 silver price forecast to $45 per ounce from $40.
Terms & Concepts
- Gold Price Forecast: A projection of future gold prices based on market trends, economic conditions, and investment demand.
- Ounce (oz): A standard unit of measurement for precious metals, equivalent to approximately 31.1 grams.