A Global Currency Blog

Gold is expected to have a strong year in 2012. In fact, the London Bullion Market issued a report last week saying that they expect the price of gold to hit a record high of $2,000 this year. At the current gold price at $1615.15, that would amount to a price increase of more than 19 percent this year.

According to the survey results, 23 of the 26 analysts polled by the London Bullion Market expected the price of gold to hit a record high in 2012. Meanwhile, 19 of 26 gold experts predicted the gold price to hit $2000 in 2012.

Analysts were expecting the price of gold to outpace the gains for palladium, silver and platinum this year.

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