Gold Market Projections for 2012

What is the Target Price of Gold over the Next 12 Months?

The following reputable sources have provided their near term gold projections for the year of 2012:

Thomson Reuters’ Amanda Cooper reports in the Reuters Global Gold Forum that Goldman have issued price targets for gold of $1,785/oz in 3 months, $1,840/oz in 6 months and $1,940/oz in 12 months.

Goldman Sachs have reiterated their upbeat outlook for the gold price in 2012. Goldman Sachs, in a just released note, say that “subdued US growth in 2012 will likely support gold prices, although risks to our constructive view are rising. We reiterate our constructive outlook for gold prices in 2012 and our 3, 6-and 12-month forecasts of $1,785/oz, $1,840/oz and $1,940/oz, respectively.”

Gold mining CEOs and executives at the Reuters Global Mining and Metals Summit‎ reaffirmed their bullish outlook for gold with many forecasting prices above $2,000/oz. Executives from Newmont, Agnico-Eagle and Solomon Gold voiced their opinions that gold could rise to over $2,000/oz. Agnico-Eagle sees $2,000/oz gold possible this year. Agnico-Eagle expects gold can reach $2,000 an ounce this year, due to continuing investment demand for the precious metal amid a still weak global economy.

Solomon Gold’s CEO, Malcom Norris, echoed Agnico’s view. “If you look at loose monetary policy coming out of the U.S., if you look at continued anxiety out of Europe, then it is logical for people to invest in gold,” Norris told CNBC. “Where else are they going to invest their money in a high risk environment?”

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Past performance is not an indication of future potential values.

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Past performance is not an indication of future potential values.