Gold price forecast turns bullish again. Gold prices jumped to $3,970 per ounce, rebounding from $3,930. Investors are piling into safe-haven assets as Wall Street slides and geopolitical risks intensify. UBS says the correction is “technical and temporary” and predicts gold could reach $4,200 next, with an upside scenario of $4,700 if market stress deepens. Central banks bought 634 tons of gold this year, ETFs added 222 tons, and volatility dropped from 31 to 21.5, signaling consolidation before the next big move.
