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Estimated gold price in 2012

Estimated gold price in 2012 is more than $2000 / ounce because in 2011 the precious metal gold soared to a record high of $1,814.90 an ounce earlier this month as investors fretted about the prospects of a debt crisis in the euro zone and US.Gold may average higher for each of the next three years and climb to a record driven by increased demand and a declining dollar as governments ramp up spending to battle the global recession