| Analysts' median forecast for 2013 year-end gold price has risen from $1,832 as of end-September to $1,850 currently. This is about 7% higher than the current level.
Commerzbank expects gold to reach $2,000/oz. next year, citing supporting factors such as: more central banks buying gold due to their continued ultra-loose monetary policy or addition to reserves, more active Indian buyers, continued low real interest rates, rebound in Chinese growth rate and expected deficits in gold supply to continue into 2013...............................................Full Article: Source |