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Gold Price Direction...

docman

Mar 26, 2012 12:13PM

docman

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Re: Gold Price Direction...

in response to

Gold Price Direction...

docman

posted on Mar 29, 2012 09:33AM

I'd be happy to plug $1845 in to our 2012 ounces forecast!

Gold prices are expected to rise on a quarterly basis through Q4 2013

2012 average year price:
$1,845.00 / ounce

2013 average year price:
$2,175.00 / ounce

Investor demand for gold as a hedge is likely to keep gold prices elevated and Morgan Stanley analysts are bullish on gold in 2012.

"While the current strength in the USD is a headwind to USD gold prices, we expect aggressive Fed action, including and the likely adoption of QE3 in 1H12, to be positive for gold, even if the USD continues to strengthen."