Gold expected to surge to $5,013 per ounce within 12 months

Gold prices are projected to reach $5,013 per ounce over the next 12 months, according to industry forecasts. Silver is expected to rise from $61 to $97 per ounce, while platinum prices are anticipated to climb to $1,914 an ounce and palladium to $1,415.

The price surge outlook is driven by rising interest rate concerns and ongoing geopolitical tensions affecting global commodity markets.