Gold Prices Soar: Geopolitical Tensions, Fed Uncertainty Drive Safe-Haven Demand

• Gold prices are surging due to escalating US-Iran tensions and uncertainty surrounding the American Federal Reserve's interest rate policy.
• Investors are flocking to gold as a safe-haven asset amidst global instability, pushing prices higher.
• UBS predicts gold could reach $6,200 per ounce by Q3 2026, with a potential peak of $7,200, citing central bank buying and China demand.
• Goldman Sachs targets $5,400 by end of 2026, supported by private investor diversification and emerging economy central bank purchases.
• Silver is also expected to benefit, with industrial demand from solar and EV sectors potentially driving it above $70 per ounce.