Submitted by Tyler Durden on 12/19/2011 - 07:53 Australia Barclays British Pound Central Banks China Commodity Futures Trading Commission Dubai Eurozone Exchange Traded Fund Fitch France Goldman Sachs goldman sachs India Jim Rickards KIM Precious Metals Real Interest Rates Reuters United Kingdom Volatility
Bullion banks remain positive on gold for 2012 with major banks predicting an average gold price of between 13% and 28% above today’s spot at $1,595/oz. It will be interesting to see if these forecasts get as much international media coverage as the poll of 20 hedge fund managers has. UBS have reiterated their bullish outlook for gold and believe gold will average $2,050/oz in 2012. This is 28% above today’s spot price of $1595/oz. Goldman Sachs said overnight that gold will average $1,810/oz in 2012 – which is 13% above today’s spot price. Barclays Capital have said this morning that gold will average $2,000/oz in 2012 – which is 25% above today’s spot price.
Bullion banks remain positive on gold for 2012 with major banks predicting an average gold price of between 13% and 28% above today’s spot at $1,595/oz. It will be interesting to see if these forecasts get as much international media coverage as the poll of 20 hedge fund managers has. UBS have reiterated their bullish outlook for gold and believe gold will average $2,050/oz in 2012. This is 28% above today’s spot price of $1595/oz. Goldman Sachs said overnight that gold will average $1,810/oz in 2012 – which is 13% above today’s spot price. Barclays Capital have said this morning that gold will average $2,000/oz in 2012 – which is 25% above today’s spot price.

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