Predict Gold Prices in January 2012 according to prices in 2011

The price of gold in 2011 in the month of December is missing, while the New York Mercantile Exchange in February 2012 delivery gold fell more than $ 5 per ounce. Gold tumbled yesterday after the U.S. Federal Reserve refrained from taking new action to boost growth. Dennis Gartman, an economist who predicted the slump in commodities in 2008, said that the metal may be poised to enter a bear market, and raised the possibility of ?wholesale liquidation? of holdings.

Metal is higher than the price of gold because the American dollar lower. Gold then jumped significantly lower after the Federal Reserve disappointed investors. In the last meeting this year, the central bank's open market committee upgrades ratings for U.S. economic growth, said inflation remained moderate despite weak employment landscape.

Gold rallied from the lowest level in almost eight weeks as The Biggest two-day drop since September spurred more investor purchases and holdings climbed to a record, Countering the effect of a stronger dollar.

Immediate-delivery gold climbed as much as 0.7 percent to $1,642.82 an ounce and was at $1,637.10 at 4:23 a.m. in London. Holdings in exchange-traded products rose to 2,360.685 metric tons yesterday, Bloomberg data show. February-delivery gold declined for a third day, losing as much as 2.3 percent to $1,625.30 on the Comex, the lowest price since Oct. 21.

?If you?re a gold investor now, you?re torn between two worlds: a recovering U.S. market and Europe falling to pieces,? Tom Price, an analyst at UBS AG, said from Sydney. Investors are ?trying to weigh out which one actually dominates the gold price, and for at least the next week, the gold price is going to struggle because of the improving U.S. market outlook.?

Cash gold dropped to $1,622.65 yesterday, the lowest level since Oct. 21, falling a combined 4.7 percent on Dec. 12 and 13 as the dollar rallied. The dollar has advanced 2.6 percent against the euro this week as bullion declined 4.4 percent.

Gold reached a record $1,921.15 on Sept. 6, and to enter a bear market -- typically defined as a drop of more than 20 percent -- would need to drop to less than $1,536.92. The price did fall to less than that level on Sept. 26, before rebounding.