Hard Target Gold Fill $ 2.000

Forex News - Gold indeed just recorded the biggest 3-day correction in the last 28 years. But whether it can be interpreted that the gold lost power to target $ 2000 per ounce at the end of the year.

In just one month (early September), gold has lost about $ 300. After reaching a record high $ 1.920 an ounce, the precious metal plunged to favorites investors range from $ 1,600 at the end of the month. Some analysts believe a sharp correction as the solution of 'bubble' prices. Many analysts immediately revised gold price forecast at the end of the year, which was predicted to be pushed to $ 2,000 per ounce.

According Josina Oliphant, Commodity Analyst Rand Merchant Bank, the fundamental factors supporting the price still exist. Included is a high level of global liquidity and low interest rates in many developed countries. "During the eurozone problem has not faded, the gold will be an option safa major haven," said Oliphant.

But Oliphant also see that the demand for gold as a shield inflation also began to decrease, in line with inflation the United States (U.S.). It is difficult to penetrate the $ 2,000 price. Oliphant himself predicted that gold will be up to the level of $ 1.900 in late 2011.

For the longer term, until next year, predicted gold will have no trouble reaching the target $ 2,000. Given the current prices are still very far below the record price of $ 2.500 per ounce rill, which was reached on the period of the 1980s. Moreover, the U.S. central bank is committed to keeping interest rates remain low, at least until mid-2013. Fed policy outlook is very good for gold prices.

Meanwhile, Walter de Wet, Researcher Commodity Standard Bank London, saw the gold rush is still likely to $ 2,000. If not at the end of this year, then the anti-inflationary commodity can try to go up to the ideal target in the first quarter of 2012. De Wet explained his assumption based on the U.S. government's policy of printing money. "If the Fed continues to print money, then gold prices will rise dragged down by the movement of other currencies," he said.

He sees gold falling lately because financial markets do not operate properly so that European countries and emerging markets to choose cash as collateral. In addition, the increase in margin holdings of gold in China helped mengambat reinforcement. "If prices fall by between 6% and 7% in one day, then the investor to inject fresh funds into their account so I can continue to transact," he said. De Wet see gold going back to find the momentum to reach the level of $ 1.885 at the end of this year and $ 1.900 in the initial quarter of 2012.