"The worst of all": Gold expected to rise to $4,500, Europe's largest asset manager, Amundi, forecasts gold prices will recover to $4,500 per ounce by year‑end, Bloomberg reports. According to analysts, the main sales wave has already ended. Gold has lost about 10% of its value since September and fell below $4,000 per ounce last week. The reasons were fear of a Fed rate hike and metal selling by investors to cover losses on other assets. "Be patient. Now is a good time to enter the market as a long‑term investor," said Amundi strategist Lorenzo Portelli. He added that the gold price could increase by more than 10%, but a rise to $5,000 is still not realistic.