livemint_marketsabout 4 hours ago
BULLISH(85%)
buy
Published on the original source: 31 Mar 2026, 9:54 PM IST
Gold has plummeted since Iran war began. Why it could climb 35% by July.
Read original sourceAI Analysis
The metals sector, particularly precious metals, is highly sensitive to geopolitical events and global economic uncertainty. Gold's role as a safe-haven asset means its price often moves inversely to equity markets during times of crisis.
Trading Insight
Long gold and gold-related equities, with a focus on companies benefiting from higher gold prices, setting stop-losses below recent lows.
Key Evidence
- •UBS Global Wealth Management maintains bullish forecasts for gold prices.
- •Gold prices have plummeted since the Iran war began.
- •UBS predicts gold could climb 35% by July.
- •Risk flag: De-escalation of Iran war could reduce safe-haven demand for gold.
- •Risk flag: Stronger-than-expected global economic recovery could shift investment away from gold.
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