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Gold Prices in 2012

Gold Prices in 2012 predicted to Exceed prices $2000/oz.Gold charges hit a new high previously mentioned $1600 on Monday Nov 2011 as a result of a potent cocktail of economic uncertainty, challenging US deficit ceiling negotiations, European Union sovereign financial debt considerations and the risk of contagion to the banking sector.

Taken singly, the US credit card debt ceiling impasse or the ongoing EU sovereign financial debt crisis would be enough to bring about a gold rally. But together, the impact on gold charges is even a lot more bullish, as traders become wary of USD and EUR property and seek out a secure haven in gold. Based mostly on this, we imagine the bullion rally is very likely to proceed till tangible progress is created on relieving at minimum one particular of the sovereign financial debt issues.