Although gold prices have fallen about 16 percent since hitting a record in September and many analysts expect the correction will continue until the first quarter. But the majority of stakeholders and industry players to see the gold price rally next year, probably to a new record, in the second half of 2012.
"The price of gold will gather again in 2012 reached $ 2.000 to $ 2.500 per ounce as demand remains strong and precious metals are still seen as a safe place," said Sabine Schels, commodity strategist at Bank of America Merrill Lynch.
Although the gold price correction in recent months, investors remain Schels said the request would cause the average gold price of $ 1.850 in 2012, up from $ 1,573 in 2011.
Deutsche Bank is confident of the prospects and forecasts that the price of gold will hit $ 2000 ounce in the second half of 2012.
Wall Street giant Goldman Sachs said the yellow metal peaked at $ 1.900 per ounce next year, forecasting an annual average of $ 1,810.
"Appeal monumental gold as a safe place will not fade. It will be over $ 2000 ounce in 2012," Firoz G. Merchant, chairman of Pure Gold Group, told Khaleej Times.
