Gold Prices Poised for Surge to $5,000 Next Year
Gold prices are expected to rise towards $5,000 per ounce in the first half of next year, according to UBS. The prediction is based on the assumption that inflation will gradually moderate, allowing the Federal Reserve to hold interest rates steady this year before resuming easing next year.
The forecast comes as gold prices have already gained more than 7% this week, with front-month gold experiencing a notable rally.