HSBC Ratchets down its 2012 Gold Forecast
In a research note sent to clients late Wednesday, HSBC reduced its 2012 average gold price forecast to $1,850 an ounce from $2,025 an ounce. HSBC precious metals analyst James Steel noted “likely global deflationary pressures due to contractions in the banking industry and deleveraging” as the primary cause for its pared back gold price estimates. Still, [...]
In light of recent weakness in the price of gold, BNP Paribas has scaled back its gold price forecast for 2012 and 2013.
BNP’s new targets for gold prices are: $1,775 per ounce in 2012 and $2,150 per ounce in 2013 on an average [...]
Gold Prices Tumble; Spot Gold Price Falls Below $1,600 an Ounce
Gold prices are in steep decline in today’s trading as commodities stage an across the board retreat in the face of a stronger dollar and ongoing Euro zone tumult. The price for gold reached a two month low in volatile trading as prices declined below $1,600 an ounce.
Gold Price Consolidation Continues as Debate About 2012 Price Direction Brews
Gold prices are trading around the $1,730 an ounce level in choppy trading amid continued economic uncertainty emanating from the Euro zone. Gold has been trying to find a base in recent months following a summer surge that pushed prices near the $2,000 an ounce level.
While many so-called “gold bugs” maintain their stance that gold [...]
Nomura Hikes 2012 Gold Price Forecast to $2,000 an Ounce
Brokerage Firm Nomura has raised its gold price forecast for the end of 2012 to $2,000 an ounce, pointing to the continued low interest-rate and easing monetary policies in Europe and the U.S. as the driving factors in the excpected strength in gold prices. Nomura’s previous 2012 gold price target had been $1,800/ounce.
Swiss Bank UBS has cut its three month forecast to $1,950 an ounce from $2,100, citing cooling short-term investment demand for gold. Longer term, however, UBS remains bullish on gold, pointing to positive market fundamentals following gold’s recent pullback from multi-year highs and strong underlying physical demand for the precious metal as
Gold prices tanked on Wednesday as prices fell $104 an ounce to settle at $1,757.30 an ounce. The day’s trading marked the largest one-day decline in gold since March 2008. The slump came as both the CME and China hiked margin requirements for trading in the precious metal. While the unwinding of speculative buying pressure has knocked more [...]
Investment bank UBS has raised its three-month gold price target to $2,100 an ounce from $1,850. In a research note released Tuesday, UBS raised its price forecast for both gold and silver, while noting the potential for a short-term retracement in gold prices following their recent steep rise. “Given the speed of the recent rally, the [...]
Gold Prices to Average $1,850 an Ounce in 2012: TD Securities
Citing weak economic outlook for the U.S. and Europe, TD Securities this week announced it is looking for gold prices to average $1,850 an ounce in 2012. TD further based its bullish gold forecast on gold’s role as a safe haven asset and protection against inflation caused by anticipated monetary easing.
Barclays Sees Gold Taking Breather Before Continuing Run to $1,930 an Ounce
Barclays Capital on Monday stated it is taking a cautious approach to gold following its recent pullback from recent rally highs of $1,814 an ounce. Barclays analysts are looking for a 3-4% further retreat in gold prices, which would take the metal to near $1,700. However, the investment bank cited strong underlying fundamentals for gold in establishing [...]
Gold Price Forecast
Recent Gold Price News via Google- Gold Prices End Week 4% Higher - TheStreet.comInternational Business TimesGold Prices End Week 4% HigherTheStreet.comBy Alix Steel 01/27/12 - 02:51 PM EST NEW YORK (TheStreet ) -- Gold prices settled higher Friday helped by physical buying and a weaker US dollar. Gold for February delivery added $5.50 to settle at $1732.20 an ounce at the Comex division of the New ...Gold rises for third day after soft […]
- Gold up on safe-haven buying - MarketWatchGold up on safe-haven buyingMarketWatchBy Claudia Assis and V. Phani Kumar, MarketWatch SAN FRANCISCO (MarketWatch) — Gold futures advanced Friday, leaving behind early-session losses as a lower dollar and safe-haven buying ahead of the weekend supported prices. The early price weakness ...and more » […]
- Stock Market and Dollar Sustain Bullish Environment for Precious Metals - Minyanville.comStock Market and Dollar Sustain Bullish Environment for Precious MetalsMinyanville.comThe dragon that breathed fire into precious metals prices was the Federal Reserve, which announced this week that it is planning to keep interest rates at rock bottom for some years and hinted at further economic stimulus measures. Gold prices hit ...Gold Seeker Weekly Wrap […]
- METALS OUTLOOK: Gold's Rally Expected To Continue Next Week - ForbesBusiness Intelligence Middle EastMETALS OUTLOOK: Gold's Rally Expected To Continue Next WeekForbesStill, some market watchers said given the nearly one-way move in commodity prices in general, gold and other markets could be due for a corrective pullback, which would mean lower values. Prices rose on Friday and on the week.Gold Prices "Have Good Fo […]
- Gold Extends Gains For Third Straight Day, Up 4.1% For Week - NASDAQGold Extends Gains For Third Straight Day, Up 4.1% For WeekNASDAQPrices were also supported by some disappointing data showing that the US economy grew less-than-expected in the fourth quarter. Gold prices gained 4.1 percent for the week. Gold for February delivery, the most actively traded contract, moved up $5.50 ...and more » […]
- Gold Prices End Week 4% Higher - TheStreet.com


