The price of the precious metal was down 3% on Monday, and analysts at Capital Economics said they believe the decline in the last week is the start of a downward trend that could erase a big portion of this year's gains. That's mainly because its rally in 2025 looks to have been largely driven by FOMO, and there's limited upside to the factors that have supported gold's rally this year, according to John Higgins, the chief market economist at the firm. Higgins said that the price of bullion will fall to $3,500 an ounce by the end of next year. That implies gold dropping by more than 12% from its current levels. ... (full story)