Gold Prices Expected To Rise Further Amid Global Tensions And Monetary Policies

According to BlockBeats, on September 24, UBS Global Wealth Management's Chief Investment Office indicated that record-high gold prices could continue to rise. The institution noted that gold prices hit an all-time high on Monday, having surged over 27% since the beginning of 2024. The bank added that although the record-breaking gold prices might deter some investors, several factors could support further increases. These factors include the Federal Reserve's continued easing of monetary policy, escalating tensions in the Middle East and between Ukraine and Russia, and strong demand from investors and central banks.