PU Prime Expands Gold Trading with the Launch of XAUUSD247
EBENE, Mauritius, Aug. 06, 2026 (GLOBE NEWSWIRE) — Gold remains one of the world’s most actively traded safe-haven assets, with prices continuing to respond rapidly to geopolitical developments, central bank policy decisions, inflation expectations and shifts in investor sentiment. Investors increasingly navigate markets that move around the clock, where PU Prime has introduced XAUUSD247,…
PU Prime has introduced XAUUSD247, a new gold trading offering. Gold is a safe-haven asset that responds rapidly to geopolitical developments, central bank policy decisions, inflation expectations, and shifts in investor sentiment.
Analysts from Deutsche Bank and State Street Investment Management forecast a significant increase in gold prices. According to Deutsche Bank's Michael Hsueh, gold is in an "explosive phase" and may reach US$4,700 per ounce by the end of the year. State Street's Aakash Doshi predicts a potential price of US$5,000 per ounce by the end of the year or early 2027.
Central banks, particularly in Asia, are driving demand for gold. Beijing has been adding to its gold reserve for 20 consecutive months, and the South Korean central bank plans to buy gold for the first time in 13 years. Official demand for gold reached a record US$45 billion in the second quarter, according to Deutsche Bank.
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