Forecasts for 2010 for the price of gold

Posted in Labels: Forecasts

1:22 AM

There are a number of forecasts ranging from very positive to very negative, for the year 2010 for the pricing of rare precious metals. Some investors choose to stay on the safe side and not in all precious metals investing, while others take the risk to forecasts for a greater reliance on military service. The forecast for the price certainly play an important role for the investor to the right of decision-making. Given the current economic situation,You can not say exactly what the price trends for the year 2010.

Prices tend to rise after a mass hysteria or after the economy recovers, as it is a cycle that continues. Some investors refer to this as a high point and that is what the year is 2010. Some investors are due to skyrocketing prices are positive, while others show disbelief because the current conditions.

For estimates of price and value of gold in 2010, analystsSeveral factors need that prices in dollars, oil prices, economic conditions, inflation rates, the tactic of cover and various other economic trends are considered. So here are some predictions for the year 2010 for the price of gold that gold can check before investing in

When, on the twelfth day of February 2010 the gold price was around $ 1,100 per ounce. One estimate is that the gold price will remain a littleand further to about $ 1,000 by the end of the month of December 2009 to float the first months of 2010.

Some analysts have predicted that the gold price is the point of the 2010 summit in March this year. Now the gold price should reach $ 1,500 in Oz and then shoots up to $ 2,000 per person. But many analysts fear that the same conditions do not remain for a long time and gold prices could start declining.Gold prices could decline thereafter up to eight hundred dollars per ounce.

For 2010 it is expected that the price of gold increased in value to twenty percent of those present and the same price in subsequent years can be reduced to half its current value. The price of oil rose and fell in the same way after the great depression. Thus, short-term investment in gold is worth consideration.

The analysis and prognosis ofGoldman Sachs for the price of gold is that the average price of gold in 2010 and 2011 respectively are $ 1,350 per ounce and $ 1,425 per ounce. The reason for this increase is the low level of interest rates in 2010, that gold is the price.

Another prediction of Canaccord Adams is the average price for 2010 ounces of gold would be $ 1,300 per person. The reasons for this forecast, factors such as currency devaluation, rising inflation and growingPopularity of gold. Although it is not possible to 2010 to predict the exact price of gold, but analysts and their predictions the price will continue to rise for a short period of time.