Saturday, December 24, 2011

forecast for gold price in christmas and new year 2012

forecast for gold price in christmas and new year 2012 : investors who bought Gold as a hedge against the crisis in Europe may be surprised that prices crashed on Wednesday. Is it just a beginning of price fall, or a repeat of 2008? Some people believe that gold's count down has begun. But Jeff Nichols still believes that gold prices will go above $2000/oz in 2012. He forecasts $2000 levels in the first half of 2012 and in the longer term, the yellow metal is expected to ride higher to $3000, $4000, $5000. Because of the following twelve factors, he still believes in a yellow metal rally in 2012.

Goldman Sachs predicts gold prices 2012
Wall Street investment bank Goldman Sachs (NYSE:GS) predicts that gold's bull run will continue into 2012 with a low interest rate environment and continued Europe debt worries, but gold stocks will likely continue to fail to match the yellow metal's rise. Read more..

gold prices forecast january 2012
Spot gold is slightly lower on the day in Europe Thursday in lackluster, macro-driven trade. At 1030 GMT, spot gold was down 0.3% at $1,609.40 a troy ounce, while spot silver was up 0.3% at $29.413/oz. Read more..

where will gold prices go end december 2011
Gold had a wild year, starting the year at $1,412 an ounce, hitting a low right out of the gate of $1,314 and then rallying to an intra-day high of $1,923 an ounce. Read more..
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1 comment:

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