GOLD IN THE NEWS

INVESTORS, CENTRAL BANKS CHOOSE GOLD AS SAFE HAVEN ASSET

Feb. 6 - Gold moved lower on increased debt concerns in Greece and a weaker euro. Gold was trading at $1719.10 per ounce at 6:14 a.m. Pacific Time on the New York Spot Market with silver at $33.41 per ounce. » Read the rest.

U.S. JOBS DATA BEATS EXPECTATIONS

Feb. 3 - The price of gold fell on Friday after the release of U.S. jobs data for January, trading at $1745.90 per ounce at 650 a.m. Pacific Time on the New York Spot Market with silver at $34.02 per ounce. » Read the rest.

ANALYSTS SEE GOLD HIGHER ON INCREASED DEMAND

Feb. 2 - The price of gold moved higher on the New York Spot Market on continued investor demand with the precious metal trading near the $1750 mark at 5:35 a.m. Pacific Time with silver at $33.85 per ounce. Gold has been maintaining its gains from January and is up almost 12% on the year. » Read the rest.

ANALYSTS DISCUSS POSITIVE TRENDS FOR GOLD

Feb. 1 - The price of gold moved higher as the euro continued to gain against the dollar, with the metal trading at $1748.10 per ounce at 6:06 a.m. Pacific Time on the New York Spot Market and silver at $34.03 per ounce. » Read the rest.

JANUARY ENDS WITH GOLD UP OVER 11%

Jan. 31 - The price of gold moved higher on the last trading day of the month as the euro gained on the dollar. Gold traded at $1745.20 per ounce at 6:54 a.m. Pacific Time on the New York Spot Market with silver at $34.01 per ounce. » Read the rest.

INCREASED COIN SALES COULD SUPPORT GOLD

Jan. 30 - The price of gold was essentially flat trading at $1729.00 per ounce at 7:20 a.m. Pacific Time on the New York Spot Market with silver lower at $33.50 per ounce. » Read the rest.

GDP DATA AND EXTENDED LOW INTEREST RATES SUPPORT GOLD

Jan. 27 - Gold moved higher on Friday following the release of U.S. GDP data showing the economy grew at a slower rate than expected in the last quarter of 2011 growth was slower than expected. Gold traded at $1729.90 per ounce at 7:56 a.m. Pacific Time on the New York Spot Market. Silver was also higher at $33.91 per ounce. » Read the rest.

GOLD RISES AS FED PLEDGES RATE HOLD THROUGH 2014

Jan. 26 - The price of gold rose to a six-week high on Thursday after the Federal Reserve announced plans to hold interest rates at "exceptionally low" levels through the end of 2014. Gold traded at $1727.70 per ounce at 6:34 a.m. Pacific Time on the New York Spot Market with silver higher at $33.80 per ounce. Gold extended yesterday's gain which had its largest one-day rise in three mon » Read the rest.

FED TO PROVIDE INTEREST RATE EXPECTATIONS

Jan. 25 - Gold eased as the euro fell ahead of a policy statement from the Fed, with the metal trading at $1654.10 per ounce at 6:42 a.m. Pacific Time on the New York Spot Market with silver at $31.79 per ounce. European finance ministers and Greece's private creditors have not yet agreed to debt restructuring terms, weighing on the region's common currency. » Read the rest.

MONEY MANAGERS OPTIMISTIC ON METALS

Jan. 23 - Gold reached a six-week high as the euro gained and commodity prices rose, trading at $1673.80 per ounce at 6:47 a.m. Pacific Time on the New York Spot Market with silver at $32.40 per ounce. Gold has risen for three straight weeks and is up approximately seven percent for the year to date. » Read the rest.

TWO MILLION CHINESE OPEN GOLD BANK ACCOUNTS

Jan. 20 - Gold and silver rose on Friday, with gold trading up $9.60 per ounce to $1,667.30 as of 2:00 PM Pacific Time on the New York Spot Market and silver trading up $1.54 per ounce to $32.28. Data released Thursday showed weekly U.S. jobless claims fell more than expected. Strong results from debt auctions in France and Spain boosted risk sentiment and a rise in equities. » Read the rest.

ANALYSTS DISCUSS POSITIVE DRIVERS FOR GOLD

Jan. 19 - Gold traded near one-month highs after closing higher for three consecutive sessions, supported by expectations of funding from the International Monetary Fund (IMF) to help resolve Europe's debt problems. The price of gold was steady at $1659.10 per ounce at 7:20 a.m. Pacific Time on the New York Spot Market with silver at $30.67 per ounce. » Read the rest.

IMF TO BOOST LENDING; LIQUIDITY MAY SUPPORT GOLD

Jan. 18 - The price of gold was steady today trading at $1653.50 per ounce at 8:02 a.m. Pacific Time on the New York Spot Market with silver at $30.52 per ounce. » Read the rest.

GOLD AT FIVE-WEEK HIGH ON EUROPE, CHINA

Jan. 17 - The price of gold reached its highest level in five weeks, up $17.50 per ounce on the New York Spot Market today. The metal traded at $1661.30 per ounce at 6:35 a.m. Pacific Time with silver also up more than 1% at $30.40 per ounce. » Read the rest.

ANALYSTS COMMENT ON S&P DOWNGRADE OF FRANCE/AUSTRIA

Jan. 16 - The price of gold moved slightly higher on Monday in steady trading on the New York Spot Market at $1644.00 per ounce at 6:30 a.m. Pacific Time with silver at $29.95 per ounce. Standard & Poor’s downgraded the credit of nine euro zone countries on Friday, including France and Austria, which lost triple-A status. The news dragged the euro lower last week. » Read the rest.

GOLDMAN 12-MONTH FORECAST: GOLD MAY MOVE HIGHER

Jan. 13 - Gold moved lower on the New York Spot Market, trading at $1639.50 per ounce at 6:22 a.m. Pacific Time with silver at $29.87 per ounce. » Read the rest.

GOLD RISES AS ECB HOLDS INTEREST RATES

Jan. 12 - Gold prices were higher on continued demand from Asia, events in Europe and a lower dollar. The price of gold rose on the New York Spot Market, trading at $1660.00 per ounce at 6:35 a.m. Pacific Time with silver higher at $30.54 per ounce. » Read the rest.

CHINA'S GOLD IMPORTS SHOW SHARP PICKUP

Jan. 11 - Gold imports from Hong Kong increased to record levels ahead of the Chinese Lunar New Year. These imports, along with a higher euro, boosted gold prices near one-month highs. The precious metal traded at $1638.30 per ounce at 6:21 a.m. Pacific Time on the New York Spot Market, with silver at $29.84 per ounce. » Read the rest.

NEW YEAR, WEDDINGS IN CHINA AND INDIA BOOST DEMAND

Jan. 10 - The price of gold rose more than $22 in trading on the New York Spot Market with gold at $1635.60 per ounce at 6:31 a.m. Pacific Time and silver at $30.16 per ounce. Expectations for increased physical demand from Asia, a lower dollar and monetary policy in Europe supported the higher prices. » Read the rest.

LBMA INDUSTRY SURVEY: GOLD TO GO HIGHER IN 2012

Jan. 9 - The price of gold was slightly higher today on the New York Spot Market, with gold at $1621.70 per ounce at 6:16 a.m. Pacific Time and silver at $29.29 per ounce. The dollar fell ahead of a meeting between France and Germany on ways to increase growth and improve fiscal coordination in the euro zone. » Read the rest.

This material has been prepared for private use. Although the information in these articles 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. Precious metals and rare coins can increase or decrease in value. You should review Goldline’s Account and Storage Agreement along with our risk disclosure booklet, Coin Facts for Investors and Collectors to Consider, prior to making your purchase.

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..."