Gold Climbs Back To $1800

We’re back at $1800.

Gold fell over $200 per ounce earlier this week, after weeks of chatter about a gold bubble. That was its sharpest decline in 25 years.

But some investors are speculating that gold prices are still on the rise. Edel Tully, a precious metal strategist for UBS, said, “The general consensus is that gold prices will be higher by year-end, but people aren’t prepared to buy yet, for fear of catching a falling knife.”

 

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.