Gold prices hit new records on Tuesday amid heightened geopolitical tensions in the Middle East and expectations of Israeli retaliation after attacks from Iran. Another high was reached at $2,408 per ounce on the New York Comex exchange. The current quote of the asset is $2,390. Analysts predict that the price of precious metals may reach $3,000 per ounce in the next 6-18 months. They note that the market is supported by stable demand and purchases by the central banks of the world. Experts also raised their forecast for the average price of gold this year by 6.8%, to $2,350 per ounce, and next year by 40%, to $2,875 per ounce. At the same time, analysts still expect some downward market correction in the current quarter. However, they note that it will be less significant than previously expected, and raised their forecast for gold for the second quarter by 8%, to $2,150 per ounce.
