The price per ounce of gold is up more than 15% so far this year. Analysts from Citi and other large banks are forecasting that the price of gold will hit $3,000 per ounce in the next 18 months. Gold is primarily priced in dollars around the world.
Interest rates have skyrocketed and with inflation still at record levels, it does not appear that rates will start dropping in the foreseeable future.
