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Gold Investment

In: Business and Management

Submitted By jutawan35
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Gold Price Forecast 2010
Predictions and Estimates from Multiple Analysts
Goldman Sachs Gold Price Forecast — 2010 - $1,350 per ounce — 2011 - $1425 per ounce time Gold prices drop. — Stagflation
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The Gold price forecast for the year 2010 has been covered by multiple analysts. Here is their consensus:
As of December 3rd 2009, Goldman Sachs predicted these average prices: The reasons given for the estimates are as follows: Canaccord Adams Gold Estimation Bank of Nova Scotia Gold Analysis — Double-dipped recession Prediction of rising inflation — Near term outlook is $1,300 per ounce Natixis Price Per Ounce Prediction December 3rd 2009 brought about these guesses from Canaccord Adams: The reasons they feel the price of Gold will trade at these values are: Global stimulus packages are devaluing currency Gold becoming a popular way to both hedge and invest — Inflation or deflation — Dollar or bond crisis Low interest rates in 2010, expected near zero, will provide support for Gold.

The price of Gold has a gamut of forecast ranges for 2010. A compilation of the predictions and estimates are listed below.
On November 25th 2009, Natixis revealed their estimate on Gold prices in 2010 to be $950 per ounce. 2009 they released a range from $850 to $1,400 as the possible price per ounce the following year. economical woes. These are some of the caveats they see possibly coming: On one hand they felt that developing nations might prefer to invest in Gold as opposed to currency which could fundamental supply and demand structure may push Gold aside. A spike in inflation could happen at the same The Bank of Nova Scotia has one of the widest ranges of potential Gold prices for the year 2010. On October 22, Their interpretation of the Gold price spike is an early warning signal for future stock market and other However, subdued inflation rates and recovering

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