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 OPEC+ Negotiates Long-Term Extension of Oil Output Cuts READ MORE Understanding Recession Indicators: Is the US Economy at Risk? READ MORE ZeroHedge: Speculative Froth Departing Gold as China Tightens Trading Conditions READ MORE Macquarie: Gold Outperforms Despite Diminished Rate Cut Expectations READ MORE Goldman Sachs: Bullish Outlook on Copper, Gold, and Oil READ MORE Add a Comment Cancel replyYour email address will not be published.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