I expect that gold will reach $2000 by or before end of this year. It may not remain above 2000$ though because as it was with $1000, the bears will go to extremes to drop the price the moment it reaches 2000. Too much psychological impact involved with the even number, much as it was with 1000.
However once above 2000 is solidly achieved as it was with 1000$ the price is likely to sail much higher and much faster. History repeats.
I do not expect any faster acceleration to higher price in remainder of August nor in early September because it is a waiting periond until the next increase in US debt becomes obvious. I feel that QE3 is inevitable and we will know of it happening before the end of this year. That is why I think that gold will breach 2000$ by year end.
Why QE3 is assured, you ask.
Because US economy is not showing signs of improvement and that in turn is not happening because the government is not taking serious measures to balance budget and reduce the debt but is continuing the old habit of printing more paper money and in ever larger quatities.
Just my opinion.