1 of 1
Story summary
- Gold prices rebounded to about US$4,700 per ounce after a low of US$4,514.
- The rebound reflects a stronger U.S. dollar and higher energy prices amid tensions, notably Iran.
- Analysts say short-term pressures may weigh on gold, but medium-term demand for safe-haven assets and inflation concerns should sustain it.
- United Overseas Bank (UOB) forecasts gold could reach US$6,500 an ounce by early 2027, driven by retail investors and central banks.
