GFMS: Gold Could Peak at $2,000 in 2013
Thomson Reuters GFMS believes gold could rise to an all-time high next year, but the metal may only hold that level temporarily. Could this prediction bode well for gold equities?
Articles Tagged "gold market"
Gold Price Lower on Federal Reserve Comments
It has been a volatile week for gold prices, most heavily influenced on Wednesday after United States Federal Reserve Chairman Ben Bernanke gave no hints that a third round of quantitative easing was expected in the immediate future.
Gold Price Increases Following Federal Reserve Rate Announcement
Following Wednesday's announcement by the Federal Reserve that interest rates would likely stay near zero in the coming two years, the price of gold surge to its highest price in four months.
Could The Price of Gold Reach Past $2,500 in 2012?
In 2010 some analysts thought John Embry's forecast of the 2012 gold price, which placed the yellow metal between $1,500 and $2,000 an ounce, was too optimistic. Now it seems that Embry may have undershot the mark.
Gold Prices Set to Climb
The price of gold could increase above a range of $2000 per troy ounce even by the end of the year. Some analysts and observers believe fluctuations in gold prices could drive the gold market in coming weeks as traders struggle to find general consensus and global policymakers consider increasingly desperate measures to stabilize wide spread economic concern.
Gold Climbs towards Record Price
Gold was on track to touch record highs on Friday, as anxiety over debt concerns in both the US and the Eurozone boosted the metal's safe haven appeal.
Bulls v. Bears in the Gold Market Prize Fight
The recent volatility in the precious metals markets has the gold bulls and bears jostling to make their case for the price of gold going forward.
Gold Supported by Libya Tensions and Inflation
The price of gold remained generally flat Tuesday, up $1.70 to close at $1428.80 per ounce. However, the trend for increasing prices should be supported by rising inflation numbers surrounding sustained high oil prices.
Gold Price Plummets on Japan’s Crisis
Gold fell more than $33 per ounce on the day as investors look for liquidity to raise capital in light of the Japanese disaster. The increasing fears of a full nuclear meltdown and the crash of the Japanese markets which lost 14 percent on the day, have attributed to investors seeking safe heaven currencies.
Has the Price of Gold Reached its Peak?
Are investors gaining confidence in the economy by taking their money out of gold, or is the lowered gold price a correction in a continuing upward trend?
