《《Gold investment in 2016》.pdf

Gold Price Forecast 2012 Predictions and Estimates from Multiple Analysts While the price of Gold has a gamut of forecast ranges for 2012, most experts are bullish on the yellow metal for the year. A compilation of the predictions and estimates are listed below. Goldman Sachs As of December 2011, Goldman Sachs predicted Gold to peak at $1,900 per ounce while averaging $1,810 in 2012. The reasons given for the estimate are as follows: 1 US real interest rates will continue to remain low in 2012. 2 Continued monetary demand for physical gold from central banks and institutional investors on continued concerns over paper currencies. 3 Muted risk appetite due to events in Europe and a general sluggish recovery will keep gold’s demand as a lower-risk asset class. Barclays Capital In January 2012, Barclays released its 2012 price forecast for gold, with expectations that the yellow metal would reach highs of $2,200 while averaging $1,875. Barclays’ prediction was based on the following ongoing trends: 1 Central bank buying continues and with new interest emerging. 2 Uncertainty continues to surround the financial markets and sovereign debt. 3 Growth in investment demand is occurring despite price corrections. Bank of America Merrill Lynch In December 2011, Bank of America Merrill Lynch predicted that gold would average between $2,150 and $2,200 for 2012. The company’s chief technical strategist MacNeil Curry stated that, “From a technical standpoint perspective we believe that the bull trend for gold remains intact… with gold having not yet met any of the conditions necessary for a top, we look for significant strength in the years ahead, ultimately targeting a top between $3,000 and $5,000 an ounce [in 2013-2014]. For 2012 gold will target $2,150-$2,200.” UBS Gold Analysis Also in December, UBS issued its 2012 price forecast for the yellow