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

Market News
02 Apr 2026
Proactive Investors
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Bullish
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Gold is expected to reach new record highs this year due to the Middle East conflict, which is increasing medium-term upside risks despite recent price volatility. UBS highlights that gold's pullback presents a buying opportunity as it is structurally under-owned and seen as a strategic asset amid risks of stagflation and US debt concerns. Silver is forecasted to outperform gold but faces demand risks from slower global growth, while platinum and palladium have supply constraints and demand challenges, especially with the shift to electric vehicles impacting palladium's automotive use.

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