forecast gold to average $1,766.00 an ounce this year, compared with an average of $1,572.00 in 2011, The gold price rose to a record $1,920.30 an ounce in September and gained 10 percent in price in an 11th consecutive year of gains in 2011.
if we compare the average 2012 forecasts with actual average prices in 2011, we can see that analysts are less bullish about the prospects for precious metals during the next 12 months,
gold prices technical predictions 2012Gold is often regarded as a safe haven during uncertain times in the markets. With uncertainty dominating the global markets, the price of gold benefited from higher prices. The commodity surged higher and even caught the interest of non-active traders who became interested in precious metals. Read More gold prices technical predictions 2012
gold price target 2012
Gold and silver prices are gaining in the final trading session of 2011. Gold is rebounding after falling to near six-month lows on Thursday. Gold is head for a gain of 10% this year. However, prices have fallen sharply in the fourth quarter. Since hitting a record high of $1,920.30 an ounce in September, gold has fallen nearly 19%. Read More gold price target 2012
BNP Paribas gold prices predictions 2012-2013 :
BNP Paribas on Tuesday cut its gold price forecasts for 2012 and 2013 saying the precious metal could be vulnerable to further episodes of price correction due to uncertainty in global markets. Read More..
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