Analysts predict gold to trade at average $2 547/oz in the second half

Independent previous metals authority London Bullion Market Association (LBMA) has cited analysts predicting that the gold price will trade even higher in the second half of the year, following a record price of $2 480/oz on July 17.

An average of forecasts implies the gold price may reach $2 547/oz; however, the price will likely average lower by the close of the year at $2 395/oz.