gold prices forecast january 3 2012

gold prices forecast january 3 2012, In the Kitco News Gold Survey, out of 32 participants, 19 responded this week. Of those 19 participants, 14 see prices up, while four see prices down, and one is neutral on prices. Market participants include bullion dealers, investment banks, futures traders, money managers and technical chart analysts. read bullish factors for gold prices in 2012

Now, eyes will be spotted on the upcoming year, and the performance of the European economy, especially after the ECB lent the European banks cheap money, and if that money will help the euro zone to continue recovery process amid big challenges. read gold prices prediction 2012

Accordingly, we should expect more fluctuations for gold, but should the current pessimism persist, we should expect gold prices to extend the rallies, however, the level of uncertainty is very high, so investors are ought to remain cautious. read gold prices technical predictions 2012

Tuesday January 3 2012 :
The United States will join the session at 15:00 GMT with the Construction Spending Monthly Index for November, which could have expanded by 0.5% from 0.8%.

The United States will also release the ISM Manufacturing for December, with expectations the index could have expanded to 53.2 from 52.7.

At 19:00 GMT the Federal Reserve will provide markets with the Minutes of the FOMC last meeting.
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