
PRECIOUS METALS SPOT PRICES*
| METALS | SPOT | CHANGE | |
|---|---|---|---|
| GOLD | --- | --- | --- |
| SILVER | --- | --- | --- |
| PLATINUM | --- | --- | --- |
| PALLADIUM | --- | --- | --- |
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Recent Industry News
CENTRAL BANK GOLD BUYING SURGED IN 2011
Feb. 17 - Gold fell slightly on Friday on profit taking following an initial rally driven by growing confidence that Greece would receive its needed bailout. Greece is seeking more aid on top of the $145 billion awarded in 2010. As of 10:32 AM Pacific Time, gold was trading at $1,724.70 per ounce on the New York Spot Market, while silver traded at $33.33 per ounce. » Read the rest.GOLD MOVING HIGHER ON GREECE AUSTERITY AGREEMENT
Feb. 13 - Gold traded slightly higher on Monday as a weaker dollar bolstered demand for the precious metal. As of 11:20 AM Pacific Time, gold was trading at $1,725.50 per ounce on the New York Spot Market, up $2.40 per ounce, while silver was trading at $33.87 per ounce, up $0.18 per ounce. » Read the rest.GOLD MOVES LOWER ON GREECE CONCERNS
Feb. 10 - Gold moved lower on Friday, led by a slide in the euro after a Greek party leader said he would not support the 130-billion euro bailout needed to avoid default. As of 8:40 Pacific Time, gold was trading at $1720.80 per ounce on the New York Spot Market, and silver was trading at $33.80 per ounce. » Read the rest.GREEK HOPES BOOST GOLD AS DATA DISAPPOINTS
Feb. 8 - The price of gold was slightly higher on Wednesday and neared 11-week highs from optimism that Greece would reach agreement to avoid default. The news bolstered the euro which hit 8-week highs and provided support for gold. The metal traded near the $1750 mark, reaching $1749.40 per ounce at 7:05 a.m. Pacific Time on the New York Spot Market with silver at $34.48 per ounce. » Read the rest.

- S&P Capital IQ - Gold: $1,900 (in 2012) "Leo Larkin, metals and mining analyst at S&P Capital IQ, thinks that $1,900 gold might not be that much of a stretch [in 2012]. 'Gold has been ..."
- Citigroup - Gold: $2,300 - $2,400 (by end of 2012) "While we remain cautious on Gold in the near term...we continue to believe that the bull market remains intact...we believe that 2012 may be..."
- Leeb Capital Management - Gold: $2,500 - $3,000 (in 2012) "I'll give you my target for gold at the end of 2012, it's going to be trading somewhere between $2,500 and $3,000. This..."
- Global Hunter Securities - Gold: $1,800 (in 2012) "'What I am looking for is a gold price of $1,800 an ounce in 2012,' says Jeffrey Wright, senior research analyst at Global Hunter..."
- US Global Investors - Gold: $3,600 (by 2017) "'People get so caught up with the next three minutes for gold and they should really be focused on the next three years,' says Frank Holmes, ..."
- Goldman Sachs - Gold: over $1,900 (in 2012) "Wall Street investment bank Goldman Sachs predicts that gold's bull run will continue into 2012 with a low interest rate environment and..."
- CNBC - Gold: $2,400 (no period given) "Gold will top $2,400 an ounce. The long-term bull market in gold marches on. Gold won't make a straight shot to a new inflation-adjusted high. As long..."
- Nomura - Gold: $2,000 (by end of 2012) "Nomura has raised its forecast for gold prices to $2,000 an ounce by the end of 2012, from $1,800 earlier. The brokerage said the low-interest rate..."
- Morgan Stanley - Gold: $2,200 (in first half of 2012) "Gold will lead a rally in commodities in 2012 as Europe's sovereign-debt crisis continues to roil financial markets, spurring demand for ..."
- UBS - Gold: $2,050 average in 2012 "[Gold] remains one of the top commodity picks for 2012 as 'most of the factors that pushed gold higher in 2011 are not going away,' according to UBS..."
- Bank of America Merrill Lynch - Gold: $2,150 - $2,200 (average in 2012) "From a technical perspective we believe that the bull trend for gold remains intact… with gold having not yet met any of..."
- TheStreet.com - Gold: $2,500 (by May 2013) "I want to own gold here. I think gold is going to $2,500 eighteen months from now... Gold has been up for ten straight years and this going to be the..."









