GOLD IN THE NEWS

ANALYSTS DISCUSS INFLATION AS DOLLAR RISES

Jan. 5 - Market dynamics on both sides of the Atlantic pushed the dollar higher and gold lower on Thursday. Gold was trading at $1606.60 per ounce on the New York Spot market, trading at $1606.60 per ounce at 7:17 a.m. Pacific Time with silver at $29.08 per ounce. » Read the rest.

UBS: PHYSICAL GOLD DEMAND RISES IN INDIA

Jan. 4 - Gold was steady in trading on Wednesday holding earlier gains on economic data from the United States, Europe and Asia and concerns over Iran's nuclear program. The price of gold was slightly higher on the New York Spot market, trading at $1608.60 per ounce at 7:17 a.m. Pacific Time on the New York Spot Market with silver at $29.42 per ounce. » Read the rest.

GOLD GAINS 10% IN 2011; IRAN FEAR SUPPORTS IN 2012

Jan. 3 - Gold ended 2011 with its 11th consecutive annual gain, up 10.2 percent for the year. The new year started with a promising start as gold moved up more than $35 on the New York Spot Market as of 9:00 a.m. PDT. Silver was also higher, up $1.80. » Read the rest.

PRICES ATTRACT GOLD BUYERS IN FINAL 2011 TRADING

Dec. 30 - Gold rebounded strongly on Friday as lower prices and a weaker dollar spurred demand on the final trading day of the year. The price of gold was $1573.70 per ounce at 6:51 a.m. Pacific Time on the New York Spot Market with silver at $28.34 per ounce. » Read the rest.

EURO LOWER ON YEAR-END ITALIAN BOND AUCTION

Dec. 29 - Gold moved lower on Thursday as the euro dropped to a 15-month low against the dollar following a disappointing Italian bond auction. The price of gold was $1533.50 per ounce at 7:25 a.m. Pacific Time on the New York Spot Market with silver at $26.87 per ounce. Despite the recent correction, gold remains in positive territory for 2011, up 10 percent, and is on track for its 11t » Read the rest.

GOLDMAN SAYS GOLD MAY AVERAGE $1810/OZ. IN 2012

Dec. 28 - The gold market was steady in thin year-end trading on Wednesday, with gold trading at $1593.60 per ounce at 6:55 a.m. Pacific Time on the New York Spot Market and silver at $28.69 per ounce. » Read the rest.

GOLD IS SAFE HAVEN ASSET, SAYS CHINA'S CENTRAL BANK

Dec. 27 - Gold prices were initially higher on a lower dollar on Tuesday, but later fell in thin holiday trading. The price of gold was $1598.60 per ounce at 7:00 a.m. Pacific Time on the New York Spot Market while silver was priced at $29.11 per ounce. » Read the rest.

DATA ON U.S. ECONOMY BOOSTS OPTIMISM

Dec. 23 - The price of gold moved higher on Friday, along with stocks and the euro, as market sentiment improved. The metal traded at $1610.40 per ounce at 5:41 a.m. Pacific Time on the New York Spot Market while silver was at $29.49 per ounce. » Read the rest.

ANALYSTS LOOK LONG-TERM AT GOLD

Dec. 22 - Gold prices were slightly lower on a higher dollar, as the euro dropped on continued fears over sovereign debt levels in Europe. At 7:00 a.m. Pacific Time on the New York Spot Market, gold traded at $1610.50 per ounce with silver at $29.36 per ounce. » Read the rest.

EUROPEAN LIQUIDITY, EURO BOOST LEND SUPPORT

Dec. 21 - Gold prices were supported today as the euro strengthened in the wake of news that European banks accepted loans from the European Central Bank (ECB) to avoid a liquidity shortage. Gold traded at $1613.40 per ounce at 6:47 a.m. Pacific Time on the New York Spot Market while silver was at $29.38 per ounce. » Read the rest.

BANK OF AMERICA SAYS GOLD MAY REACH $2500/OZ IN 2012

Dec. 20 - Gold prices were higher as the euro gained against the dollar today. Europe's finance ministers promised an additional 150 billion euros to the International Monetary Fund. The euro was also higher on increased economic confidence in Germany. Gold traded at $1612.00 per ounce at 6:07 a.m. Pacific Time on the New York Spot Market and silver was trading at $29.38 per ounce. » Read the rest.

BARGAIN HUNTERS, PHYSICAL DEMAND MAY SUPPORT GOLD

Dec. 19 - Gold prices were little changed on the New York Spot Market this morrning as bargain buying was tempered by a rise in the dollar following news of North Korean leader Kim Jong-il’s death. At 7:17 a.m. Pacific Time, gold was trading at $1599.00 per ounce and silver at $29.21 per ounce. » Read the rest.

ANALYSTS GIVE LONG TERM OUTLOOK FOR GOLD

Dec. 15 - Gold prices recovered from yesterday's lows in morning trading on the New York Spot Market with gold rising to $1589.40 per ounce as of 6:33 a.m. Pacific Time. Silver was trading at $29.17 per ounce. » Read the rest.

FED OFFERS NO INDICATION OF QE3 STIMULUS

Dec. 14 - Gold traded lower following statements from the U.S. Federal Reserve that it does not intend to provide additional stimulus at this time. Gold traded at $1612.40 per ounce at 6:36 a.m. Pacific Time on the New York Spot Market with silver trading at $29.35 per ounce. » Read the rest.

ANALYSTS COMMENT ON FACTORS AFFECTING GOLD PRICE

Dec. 13 - Gold prices moved higher today following negative comments from ratings agencies Fitch and Moody's on last week's European Union summit. Gold traded at $1674.80 per ounce and silver at $31.85 per ounce on the New York Spot Market as of 6:52 a.m. Pacific Time. » Read the rest.

GOLD INVESTORS MAY STEP IN ON EUROPEAN WEAKNESS

Dec. 12 - Gold prices were lower on Monday as investors reacted to last week's European Union summit aimed at resolving the region's debt crisis. The U.S. dollar was sharply higher against a basket of currencies as the continued uncertainty in Europe lowered the euro against the greenback. Gold traded at $1665.40 per ounce and silver at $31.19 per ounce on the New York Spot Market at 6:1 » Read the rest.

EU TALKS: LEADERS BALANCE RESCUE AND REFORM

Dec. 9 - Gold traded higher on Friday as the euro rose and the dollar fell. Currencies reacted to the news that a new Chinese investment vehicle could provide additional funding to troubled euro zone economies and help ease the region's debt crisis. The ensuing weakness in the dollar supported the gold price which rose to $1715.30 per ounce on the New York Spot Market by 10:30 AM Pacifi » Read the rest.

ANALYSTS COMMENT ON EUROPEAN SUMMIT AND GOLD

Dec. 7 - Gold prices were steady in trading on Wednesday as investors awaited a European Central Bank meeting on Thursday and a key European Union summit on Friday. Hopes are high the European leaders and central bank will make progress in addressing the euro-zone debt problems. Several analysts discussed the potential impact of the meetings and the euro zone crisis overall on the price » Read the rest.

UBS 2012 FORECAST: GOLD MAY AVERAGE $2075/OUNCE

Dec. 6 - Tom Price, Global Commodity Analyst at UBS AG, provided his probable scenario for gold prices in 2012 based upon his the macro outlook for the global economy. "We are ‘screaming bulls' at UBS," he said. "We've got $2075 per ounce for 2012, and that's based almost entirely on an uncertain world and the fact that the European economy is struggling at the moment and that's going » Read the rest.

INVESTORS AND ANALYSTS WATCH EUROPEAN MEETINGS

Dec. 5 - Meetings among the leaders of Europe this week aimed at solving the region's debt crisis are being monitored closely by investors and the precious metals markets. "The gold market this week will be shaped by the many political meetings due to take place, which are likely to focus on the sovereign debt crisis," Commerzbank analysts wrote in a research note. "Friday's European Un » Read the rest.

†This material has been prepared for private use. Although the information in this commentary has been obtained from sources believed to be reliable, Goldline does not guarantee its accuracy and such information may be incomplete or condensed. The opinions expressed are subject to change without notice.

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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..."