Gold price Predictions 2012

Now for some Top Financial Firms Gold Price Predictions for 2012:

The 2012 gold price comments below have been condensed and edited.

Rajan Venkatesh, Managing Director, India Bullion, ScotiaMocatta, said he expects gold prices to touch $2,000 an ounce by March.

This past June, Standard Chartered PLC (PINK: SCBFF) made what some think is an "outrageous" prediction.

Their price prediction: $5,000 gold is likely in the near future.

Suki Cooper, precious metals analyst at Barclays Capital, said the macroeconomic environment remained conducive for further gold price gains next year, given the persistence of negative real interest rates and fears over inflationary pressures. Barclays expects the price of gold to average $2,000 an ounce in 2012.

Analysts at the Bureau of Resources and Energy Economics (BREE) reckon gold is going to be a star performer in 2012 with a forecast average price for the year of $US1850 an ounce.

Goldman Sachs does have a good record of late and is tipping gold at $US1940 an ounce.

UBS AG (UBSN) boosted its 2012 gold-price forecast by 50 percent, citing “ongoing global macroeconomic disappointments.”

The metal will average $2,075 an ounce next year, up from an earlier estimate of $1,380, the bank said today in a report. Prices will average $1,725 in 2013, compared with a previous forecast of $1,200, UBS analysts led by London-based Edel Tully said.

Gold bullion is expected to rise to $2,019 an ounce by November 2012, according to an anonymous survey of delegates at the conclusion of the London Bullion Market Association's (LBMA) annual conference

The price of gold could hit $2,000 a troy ounce over the next year, Aberdeen Asset Management has predicted, as investors look for a safe haven for their money.

"Robert McEwen, chairman of U.S. Gold Corp. says gold prices will more than quadruple to $5,000 by 2012 ...He says investors will reallocate capital to real money as the dollar loses its viability and money printing causes money to move into gold."

Gold price Predictions

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