According to the world's largest recycler and trader of precious metals, Heraeus Precious Metals, the price of gold will continue to rise in the coming year and reach new records. "The growing confidence that the US Federal Reserve has ended its cycle of interest rate hikes and could start cutting rates as early as spring will drive the gold price," said Henrik Marx, Head of Precious Metals Trading, at the presentation of the annual Heraeus Precious Metals Forecast.