Gold prices in 2010 rise frequently influence on dollar may include in 2011, in 2012 big gold bug eyes a glimpse of their favorite metal jump over the psychological (and technical) important. After a nearly 5 percent loss last month the price, the gold market was understandably hungry for some good news. And this week offered numerous snacks, large enough to double-digit wins feed, gold rose 2.2 percent in the previous five sessions. Wednesday gains put the yellow metal on track for its largest advance in nearly nine months.
Two of the most bullish factors in the gold market expectations of U.S. Fed Reserve may rely more on inflation-stoking quantitative easing measures, and news that China aims for the gold market to expand.
Earlier in the week, the Wall Street Journal, without sources, said the Fed was created to money will receive from her matured mortgage bond or mortgage companies to buy Treasury bonds. The report led to fresh inflation fears and sent the dollar down, gold prices and those served.
?The more the fault of the Fed buys, the lower the interest rate will be and the more money in circulation,? noted the street is Alix Steel. ?Although the yield on the 10-year Treasury bonds, a benchmark is less than 2.91%. One fear is that this step will lead to a devalued dollar, which hit an eight-month low against the yen on Tuesday, and a lack of confidence in the U.S. economy. ?
The concern is the Fed will resort such measures in the face of sure signs of economic recovery stalled. Many are holding their breath in anticipation of Friday unemployment numbers, which are expected rather week.
The Peoples Bank of China announced this week will see more commercial banks to import and export, but also gold, meaning the market to participate in the Shanghai Gold Exchange, the market as an indicator of rising Chinese demand.
?Suggestions of the PBOC to have a gold loan market and indications that they have decided to expand physical gold market development seems to give fresh faith gold as a financial instrument in China,? said Jaime Greenough, Futures Representative at Global Securities , in a note.
?Behind India, China is the second largest consumer physical, so every step to integrate liberalize and expand this market, over time, a growing hunger for gold promotion,? UBS analyst Edel Tully comment.
Gold Price Forecasts
It is safe to say that no other market for the Bulls and the Bears ass to do zo vaak als hoofden gouden in the market, where interpretations of the events shaping prijzen differ significantly from Bare Bones and technical analysis for the boring stuff of international espionage novels Kabale dripping dark and wild conspiracy theories. So no surprise that the price forecasts of analysts that the market can vary in ranges wider than the Grand Canyon.
London-based commodity brokerage firm Natixis believes gold supply and demand fundamentals are too poor to justify current price levels, let alone much higher advances. Actually sees the price drops to around $ 1050 per ounce in the fourth quarter, with further drops to as low as $ 950 per ounce in 2011 to highs of $ 1,150 per ounce next year. Those with a more bearish to facilitate the fears about a global financial Armageddon weakening euro zone as debt issues cool, eliminate much of the impetus for the profits of the precious metals in the past year and the treble record June.
Of course the Natixis analysts are not familiar with the knowledge by Mr. Embry at Sprott Asset Management.
The firm?s chief investment strategist, John Embry, told Mineweb Gold?s weekly podcast listeners Wednesday as gold ?is not between $ 1,500 and $ 2,000 over the next 18 months, I am dead wrong.?
Embry price forecast is based on a lack of optimism when it comes to some hope for a sustainable economic recovery in the western world ?and the belief that governments like the U.S. will resort to? throw so much money at this, it is to make your head spin, ?just to get a lid on things.
last move of China to the gold market to expand has been added to extremely bullish price Embry?s predictions. ?The Chinese were just out today [Tuesday], again suggesting that the greater public to stop buying and what have you, and actually is physical gold moving from west to east and when that process is largely complete, then the price goes loosening because gold is always true wealth is created and it is almost certainly being created in the Eastern world. ? gold price forecast 2011 gold price predictions 2011 gold predictions 2011 silver price predictions 2011 future gold prices 2011 gold price prediction 2012 gold price predictions 2012 gold price forecast 2012 silver price forecast 2011 gold price predictions
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» Future Gold Prices Prediction 2012 in market
Future Gold Prices Prediction 2012 in market
Written By mine on Sabtu, 30 Oktober 2010 | 02.10
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