- Goldman Sachs now expects gold to reach $3,700 by year-end and $4,000 by mid-2026, while UBS forecasts $3,500 by December 2025.
- Despite a slight pullback, gold remains in a strong uptrend, holding above key moving averages as tariff risks continue to support demand.
Goldman Sachs and UBS have issued another round of bullish forecasts for gold, citing ongoing market uncertainty (i.e., tariffs).
Goldman analysts now expect gold to reach $3,700 per ounce by the end of 2025, with a potential rise to $4,000 by mid-2026. UBS holds a slightly more conservative view, projecting $3,500 by December 2025.
Technically, gold has pulled back from new all-time highs seen during the Asian session but potentially remains in a strong uptrend. With prices trading well above both the 50-day EMA and 200-day EMA, shallow retracements may find support, especially as tariff-related risks persist for at least the next 90 days.
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