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Gold set for record highs amid Middle East conflict; silver, platinum, and palladium face mixed outlooks.

Market News
02 Apr 2026
Proactive Investors - Finance
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Bullish
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Gold is expected to reach new record highs this year due to medium-term risks from the Middle East conflict, despite recent price pullbacks. UBS highlights that gold's structural under-ownership and its role as a strategic asset support its bullish outlook, especially with potential stagflation and fiscal stimulus. Silver is predicted to outperform gold but remains vulnerable to slower global growth due to its industrial use. Platinum supply is tight with potential supply risks from South Africa, while palladium faces long-term demand declines from the shift to electric vehicles, though prices may rise in 2026 before being capped by structural changes.

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