ISLAMABAD: The Union Bank of Switzerland (UBS) has predicted that gold per ounce could reach a high of $6,200 in the global market by mid-2026.
Earlier, the global financial institution Goldman Sachs had predicted the price of gold, according to which the price of gold per ounce could reach $5,400 by the end of 2026.
It should be remembered that last night, after reaching a record level of $5,594, the price of gold suddenly fell by 5% to $5,109.
According to economic analysts, although there has been a decline in prices in the short term, the overall performance of gold is still being described as exceptional.
Experts say that gold is in its best position since 1980 with a 24% increase on a monthly basis, which reflects global economic uncertainty, inflation concerns and investors’ tendency to invest in safe assets.
Experts also say that gold prices in the coming days will depend on global economic indicators, the value of the US dollar, interest rates and the geopolitical situation. Investors are being advised to keep a close eye on market trends and act cautiously before making any decisions.
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