The price of gold has skyrocketed to new highs, and the next stop is $3,000?

2025-02-10 10:35:35
< br > < span class = "section-news" > 1. ABN Amro: As geopolitical tensions and economic conditions prompt banks to shift to safe-haven assets, they may continue to increase their holdings of gold. < br > < span class = "section-news" > 2. Westpac analyst Richard Franulovich: Gold prices are still in their best range, with little hindrance; gold's safe-haven appeal is expected to increase. < br > < span class = "section-news" > 3. OANDA analyst Kelvin Wong: Global trade tensions are still at play, and he believes that the current (gold price) correction is unlikely, unless the dollar starts to rise strongly. < br > < span class = "section-news" > 4. Citi Analyst Kenny Hu: Raised the 0-3 month target to $3,000 due to tariff risk and strong central bank demand, leaving the 6-12 month target unchanged at $3,000. < br > < span class = "section-news" > 5. UBS: Rising uncertainty, an extended global rate cut cycle, and strong investor and central bank demand will continue to support gold during the year, raising the gold price forecast for the next 12 months to $3,000. < br > < span class = "section-news" > 6. Goldman Sachs: Maintain the forecast that the price of gold will reach $3,000 in the second quarter of 2026, but if the uncertainty of US tariffs subsides and market positions normalize, it is expected that the price of gold will temporarily decline. < br > < span class = "section-news" > 7. Kevin Grady, President of Phoenix Futures and Options: Multiple factors have combined to build a short, medium and long-term bullish pattern for gold, maintaining the forecast that the price of gold will reach $3,000 in the first quarter.