Marketwire reported that according to a recently-released HSBC report, gold could rise to $1,900 per ounce by the end of 2012.
As quoted in the market news:
“Economic uncertainty, geopolitical tensions and the uncertainty of the U.S. November elections are theoretically gold-bullish,” and gold should rally in the second half of the year “when U.S. growth is poor and the dollar is weak,” a new HSBC report said. “We expect prices to rally to above $1,900/oz by the end of the year. Patience is the most important commodity.”