Is Gold About to Skyrocket? UBS forecasts a 10% rise in gold prices, but is it happening in 2024 or 2025? Recent reports suggest a potential surge following a Fed rate cut in 2025, aligning with an overall bullish market outlook. The question on every investor's mind: Gold Prices to Reach New Highs?

According to the World Gold Council, Gold has historically rallied by as much as 10% in the six months after the first Fed cut. Could history repeat itself? With Global rates also going down, the conditions might be ripe for another gold boom.

Remember when Gold price hit a record high of $3,500.05 in April? While speculation abounds, understanding the economic factors driving these predictions is crucial. We need to look at inflation data such as the U.S. Personal Consumption Expenditures Price index (PCE). Its year-on-year increase of 2.1% will have an impact. Also crucial is the timing of the Fed rate cut. Is UBS predicting a 2024 or 2025 surge?

Analyzing past trends, Increased capital inflows and a declining dollar also contributed to this trend, pushing gold prices to historical highs. As of Eastern Time, the spot price of gold fluctuates daily. Keep an eye on market updates and expert analyses to make informed investment decisions. While a 10% rise is an exciting prospect, remember that investment involves risk. Consult a financial advisor before making any decisions.