Gold price hits a new high again! Morgan Stanley and UBS Group AG are both bullish: the uptrend will continue until 2025
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Gold price hits a new high again, JPMorgan Chase and UBS Group AG predict that the gold price will continue to rise until 2025, due to funds flowing into gold ETFs and expectations of central bank interest rate cuts. Gold futures rose slightly to $2681.3 per ounce. Analysts point out that strong physical demand and the upcoming interest rate cut cycle will further drive the gold price up, with a short-term target price of $2700 per ounce and a long-term target potentially reaching $3000 per ounce. The market is watching for risk events such as U.S. GDP data and speeches by the Federal Reserve Chairman
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