UBS sees gold hitting $4,200 in coming months

UBS expects gold prices to climb to $4,200 per ounce in the coming months, even if the metal sees a short-term pullback after its recent rally, Reuters reported Friday.

The bank cited a weaker US dollar and global political developments as key drivers, while maintaining its 2025 forecast for central bank demand at 900–950 tons.

UBS added that gold remains a preferred long-term investment asset within global portfolios, retaining its appeal as a safe-haven choice.