Gold Prices Soar Amid US-Iran Tensions, Fed Uncertainty; Analysts Predict Massive Rally

• Gold prices surge due to escalating US-Iran tensions and uncertainty over the US Federal Reserve's interest rate policy, boosting its safe-haven appeal.
• Spot gold traded with a slight gain at around $4,984.94 per ounce, following a 2% jump in the previous session.
• UBS projects gold could reach $6,200 per ounce by Q3 2026, citing central bank purchases, China demand, and geopolitical tensions.
• Goldman Sachs targets $5,400 per ounce by end of 2026, supported by private investor diversification, emerging market central bank buying, and ETF investments.
• Silver is also expected to recover, potentially exceeding $70 per ounce, driven by industrial demand from solar and EV sectors.