If Goldman Sachs is still counting on an ounce of gold at $3,000 in December 2025, UBS is a little less optimistic and is targeting $2,900. “The uncertainty surrounding US politics and recent consolidation provide an attractive entry point,” explains the US investment bank. She is buying gold due to structural support for demand from central banks and cyclical support from Fed rate reductions.
According to Goldman Sachs, long positions in gold and oil can be important hedges against inflation and geopolitics in extreme scenarios, including rising tariffs (gold), geopolitical disruptions in the supply of oil (oil and probably gold) and debt fears (gold).
Its Swiss competitor considers it appropriate to take advantage of the decline in the ounce of gold to buy it and signals significant support at 2,500 dollars. UBS also suggests an allocation of around 5% in a dollar-balanced portfolio.
source: AOF
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