Analysts Predict Gold to Continue Climbing After Record Highs Gold prices reached a record high of $2,449.89 per ounce, with silver and copper also seeing significant gains. Although these metals have slightly retreated, they remain near their peaks, with analysts predicting further increases over the next year. UBS Bank raised its gold price forecast to $2,500 per ounce by the end of September and $2,600 by year-end, driven by strong Chinese demand and weak US economic data affecting interest rate expectations. High interest rates usually pressure gold by making Treasury bonds more attractive, but UBS remains bullish, expecting gold to continue setting new records. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts RBI Relocates 100 Tons of Gold from UK to India, More Expected READ MORE Stress Tests Reveal Hundreds of U.S. Banks at Risk Due to Loans and Rate Hikes READ MORE Yuan Hits Weakest Level Since November as China Loosens Currency Control READ MORE Navigating Uncertainty: The Case for Gold and Bitcoin READ MORE Ron Paul Urges End to Fed, Don't Tax the Rich READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment