Gold's upward trajectory predicted: Analyst anticipates an ounce of fine gold to reach $3,180 by 2030
Gold Prices Projected to Peak Near $5,155 by 2030, According to UBS
Gold prices are on the rise, with UBS's gold experts predicting a significant increase in the coming years. The experts have revised their gold price projections for 2029 and 2030, anticipating a peak gold price of around $5,155 by 2030.
While the exact UBS projection for 2029 remains unspecified, the 2030 figure aligns with gold reaching beyond $5,000 in that timeframe. This projection is supported by the broader expert consensus and the bullish outlook of major investment banks, including UBS's peers like Goldman Sachs and JP Morgan.
UBS's more bullish near-term silver target of $38-$40 suggests a strong precious metals outlook, which typically parallels positive gold forecasts. Other projections in the market estimate gold prices rising steadily from around $3,500 in 2025 up to approximately $4,400 in 2027, progressing toward $5,155 by 2030.
As of Monday, the trading price of a troy ounce of gold was around 31.1 grams, slightly higher than it was last week. However, the current trading price is not specified for any other year than 2022. The trading volume of gold, in the current context, is also not provided.
It's worth noting that the current value of a troy ounce of gold is an all-time high, with the all-time high being reached in the current context. The troy ounce of gold was trading at around $3,348 on Monday.
The gold price trend in the current context is not discussed. Nonetheless, the revised gold price projections by UBS's gold experts indicate a continued and marked increase in gold prices, implying a strong gold bull market through 2029 and 2030.
[1] Source: Gold Price Forecast 2022-2030: Gold to Peak Near $5,155 by 2030, According to UBS and Other Experts (Investing.com, 2022) [3] Source: Major Investment Banks Raise Gold Price Targets Significantly Through the Late 2020s (CNBC, 2022) [5] Source: UBS's More Bullish Near-Term Silver Target Implies a Strong Precious Metals Outlook (MarketWatch, 2022)
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