Gold Prices Soar as Investors Flock to Safe Havens Amid Economic and Trade Uncertainty

Gold has experienced a powerful rally as investors turn to safe-haven assets in response to weakening U.S. economic indicators and escalating trade tensions.

According to TheStreet (April 12, 2025), gold prices have surged by roughly 20% this year, including a notable 10% gain in April alone—largely triggered by President Donald Trump’s announcement of new tariffs on April 2.

Gold has now climbed to a record-breaking level above US$ 3,200 per ounce, marking an all-time high for the precious metal. Analysts from UBS and Deutsche Bank believe there is still room for further upside.

Gold Price Targets Set Higher for 2025–2026

UBS projects that gold’s upward trajectory will continue into next year, eventually stabilizing at higher long-term levels. Their 2025 price target stands at US$ 3,500 per ounce—the most bullish forecast among major banks, reports TheStreet.

Meanwhile, Deutsche Bank has revised its forecast to US$ 3,700 per ounce by 2026, a significant increase from its previous estimate of US$ 2,900.

As of publication time, data from Trading Economics shows gold trading at US$ 3,220 per ounce, down slightly by 0.5%.