Gold is more likely to rise to USD 5,000 than fall back to USD 3,000.

The recent pullback in gold does not signify the start of a bear market. Bullish investors believe that there is still room for further price appreciation.

Barron's17:01

Express News | Gold Prices Hit Near Three-Week High as Longest Government Shutdown Nears End

Breakings16:35

UBS Group Wealth Management: Maintains a bullish view on gold, with a 12-month price target of $4,200 per ounce.

Gelonghui, November 11 | A report issued by the Chief Investment Office of UBS Group's Wealth Management Asia Pacific Division noted that despite the potential end of a 40-day US government shutdown boosting risk appetite, gold prices still rebounded to above $4,100 per ounce on Monday. The bank believes that robust demand driven by global debt concerns, political uncertainties, and the Federal Reserve's accommodative policies will further push gold prices higher. The bank maintains a bullish outlook on gold, viewing it as an effective portfolio diversification tool and hedge. It has maintained its 12-month gold price target at $4,200 per ounce, while any significant escalation in political or financial market risks would further support this projection.

Gelonghui Finance16:23

Express News | UBS Group: Global gold demand is expected to reach its highest level since 2011 this year and next year.

Breakings16:04

Daily Summary of Investment Bank/Institutional Views (2025-11-11)

Mini Program: Daily Investment Bank/Institutional Viewpoints Summary – International 1. JPMorgan Private Bank: Gold prices could reach $5,200-$5,300 by the end of 2026. JPMorgan Private Bank stated that the strong upward momentum in gold may push prices above $5,000 per ounce next year, primarily driven by continued purchases from central banks in emerging market economies. Alex Wolf, Head of Global Macro and Fixed Income Strategy at the bank, pointed out that gold prices could reach $5,200 to $5,300 by the end of 2026, which is more than 25% higher than current trading levels. Central bank gold purchases over the past two years have become a key driver for gold.

Golden10 Data16:02

UBS Sees Gold Potentially Climbing to $4,700 as Political, Financial Risks Mount

Investing.com 15:38