"Double record in gold prices"

Investors and economists are closely monitoring the situation regarding gold prices. Global risks are triggering the market value of gold, known as a safe haven, to reach new record highs. As of this morning, new peak levels have been observed. Updates on forecasts from banks have also started to come in. With expectations regarding the US elections and the increasing tensions in the Middle East, gold prices have seen $2,750 per ounce for the first time. The gram of gold has reached 3,026, setting a new peak. The quarter gold is also trading at 4,844 Turkish Liras.

FORECASTS HAVE BEEN RAISED

As gold prices continue to break record after record, banks are also updating their forecasts. Citi Research has raised its gold forecast from $2,700 to $2,800. Its 6-12 month forecast has been announced as $3,000. Recently, Bank of America emphasized that investors and central banks should increase their interest in gold. Analysts reiterated their predictions that the price of gold per ounce will reach $3,000.