News list for " Per Ounce"
Spot gold extended its rally, hitting a record high of $2883.16 an ounce.
UBS: Upgraded its gold price forecast for the next 12 months to $3,000 an ounce.
Goldman Sachs: It no longer believes that gold prices will reach $3,000 an ounce by the end of this year, delaying that forecast until mid-2026.
U.S. gold futures fell 0.4 percent to $2,747.70 an ounce after gold hit a new record of $2772.60 an ounce in early trading. Market watchers said the decline may reflect some degree of profit-taking. SP Angel analysts said in a note that the earlier rise in gold prices was related to the continued selling of U.S. Treasuries. The BRICS summit is also in the spotlight, and ongoing de-dollarization talks will further boost gold prices. SP Angel said fund managers increased their bullish positions in...
Citi: Upgraded its 0-3 month gold price forecast to $2,800 per ounce (previously forecast was $2,700 per ounce).
Citi: Upgraded its silver price forecast for the next 6 to 12 months to $40 an ounce (previously forecast was $38 an ounce).
Citi said it raised its 0-3 month gold price forecast to $2,800 an ounce (from a previous forecast of $2,700 an ounce) and its silver price forecast for the next six to 12 months to $40 an ounce (from a previous forecast of $38 an ounce).
