The precious metals have kept breaking new records this month, with gold nearing $5,600, having started the week at $5,000. The surge in precious metals helped to propel most of the FTSE's biggest miners to the top of the index this morning. 'Everyone can see the madness in metals prices, but there seems no sign of it slowing down,' said Chris Beauchamp, chief market analyst at IG. Analysts are increasingly bullish on where precious metals might go this year, with some suggesting it could reach $6,000 per ounce. Elsewhere, Goldman Sachs forecasts copper prices to decline to $11,000 per tonne by the end of the year, following a decision on tariffs.