The gold industry foresees a significant rise in the value of the precious metal, with estimates suggesting that the price could surge to near $5,000 an ounce over the next 12 months, Reuters reports. This projection marks an increase not seen for many years, indicating a potential shift in the global economic dynamics. Factors such as rising inflation, currency concerns, and geopolitical uncertainties are believed to be drivers of this prospective price increase. For investors, such an increase might offer substantial returns but could also bear substantial risk given the volatile nature of the gold market. Read More
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