58% OFF the Premium on Silver Rounds – Ends 3/7 at 4pm EST (while supplies last)
UBS has raised its gold price target to $3,200 per ounce (from $3,000) as retail investors increasingly buy into gold-backed ETFs.
This follows gold breaking the $3,000 barrier on March 13, with prices up nearly 40% over the past year.
Other financial institutions including Macquarie Group and BNP Paribas have also increased their forecasts, with many analysts now predicting gold could reach $3,500.
The SPDR Gold Trust (GLD), the world’s largest physical gold ETF, is up 14% this year as investors seek safety amid trade conflicts, geopolitical instability, and economic concerns.
