Gold Rally Continues, UBS Predicts $4700
Update: 2025-11-14
Description
Gold Prices Surge: Investors Seek Stability Amidst UncertaintyGold prices have made a significant rebound, reaching approximately four thousand two hundred sixty dollars per troy ounce, after a period of fluctuation. Despite the end of the federal government shutdown, investors continue to seek the stability that gold offers due to underlying economic uncertainty and market conditions. The strong demand for gold, particularly from exchange-traded funds, has driven trading volume to a record two hundred eight billion dollars per day in October. Experts predict that gold could climb even higher, potentially reaching four thousand seven hundred dollars, if political or financial market risks increase.
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