“The $2,000 an ounce level being surpassed is probably looking more like a story for the first half of 2013 than something we will see in the second half of this year.” is a postponement of the next leg higher in prices,” Klapwijk said before the launch of GFMS’ Gold 2012 report. The upper end of that price view is just below last year’s record $1,920.30 an ounce, reached in September. Klapwijk said gold was expected to trade in a range of $1,530-1,920 an ounce in 2012, with an average price of $1,731 an ounce. and the prospect of a normalisation of monetary policy.” an end to stimulus measures in the United States. “It depends (on whether) we see some resolution in Europe, enough to really take some of the sting out of that issue. “We are expecting still that we are going to see a push above $2,000 in 2013, but it may be that 2013 marks the high water mark for the market,” Klapwijk said. interest rates becomes a reality the following year, he said monetary easing gains ground, he said.īut that move could be short lived as those factors dissipate, particularly if the prospect of higher U.S. Gold prices are likely to be driven above $2,000 as concerns over the euro zone debt crisis persist and the prospect of more U.S. The market is expected to rise to new highs by early 2013 after struggling this year against a backdrop of softer demand in key physical markets and slackening investment appetite for bullion, GFMS chairman Philip Klapwijk told Reuters. Replica gold bars confiscated by Swiss customs are displayed during the Swiss customs annual news conference at the Euroairport in Basel-Mulhouse February 7, 2012.
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