Gold Price Forecasts: UBS and Deutsche Bank have raised their gold price forecasts, with UBS predicting $3,800 per ounce by the end of 2025 and Deutsche Bank forecasting an average of $4,000 per ounce by 2026, driven by central bank demand and a weakening U.S. dollar.
Federal Reserve Actions: The Federal Reserve cut its policy rate by 25 basis points, with expectations of further cuts this year, which is seen as beneficial for gold prices as lower interest rates typically enhance gold's appeal as a non-yielding asset.
Central Bank Demand: Central bank purchases of gold are expected to remain strong, with demand running at double the average from 2011-2021, particularly from China, while recycled gold supply is lagging behind.
Institutional Interest: There is a growing institutional interest in the mining sector, exemplified by a $500 million investment in Ivanhoe Mines from Qatar’s sovereign wealth fund, indicating a strong appetite for critical raw materials.
Wall Street analysts forecast SGOL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SGOL is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast SGOL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SGOL is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 45.990
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Current: 45.990
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
