Gold Price 2011 Outlook – Forecast – News
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Gold Price 2011 Forecast
Gold prices rallied more than +28% in 2010, marking the strongest rise since 1979, when prices more than doubled.
Gold has continued to perform incredibly well, reaching newer all-time highs, during the year in terms of a number of currencies including the Euro, British pound, the Indian rupee and of course the USD. In London on Friday, the last day of 2010, gold PM Fix was at $1,410.25 an ounce, up 0.3 per cent from the previous day’s $1,405.50/oz. Read more 
Gold Price and Inflation
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Gold is higher for one important reason inflation, and while others are covering their ears with their hands and saying no, no, no, no, there are not signs of inflation, I absolutely disagree with them. We are seeing inflation!
Take a walk in the supermarkets and check out the products companies are selling, they are already feeling the punch of higher commodity prices, they are shrinking their boxes and cans but prices for such items remain the same. Go out to eat, a 8 oz steak meal that cost last year 14.99 is now a 6 oz steak meal for the same price of 14.99…a can of foffee 11.5 oz was 1.99 on sale last year, it is now 11.3 oz for the same price, cereal boxes are also shrinking. Read more
Spot Gold Price – Will Move Up Continue?
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Gold, after a period of weakness in October, has a very good probability of continuing rising strongly through the remainder of 2009. The year 2010 may also see further gains in the yellow metal, as the quarterly price cycles have just completed a bullish crossover, confirming the likelihood of substantial gains yet to be made
