Chart labels contain following information: gold price forecast in US dollars per ounce of gold, commodity analyst organization and the year/month when forecast was published by the analyst).

Gold Price Forecast Chart 2009

Gold Price Forecast Chart 2010

Gold Price Forecast Chart 2011

Gold Price Forecast Chart 2012

Gold Price Forecast News

2009/10 Deutsche Bank – Gold will move above $1,100 an ounce during 2010, above the record high of $1,030.80 an ounce hit in March 2008. Forecast source…

2009/08 HSBC Holdings Plc raised its 2009 gold price forecast to $925 from $875 an ounce on a combination of inflation-hedge demand, U.S. dollar weakness and stagnant mine output.  Gold price forecast for 2010 increased to $950 (previous estimate of $875) and for 2011  – to $825 (prior forecast $725). Further major gains are unlikely due to some negative market fundamentals, like weak jewelry sales and ample scrap supply Forecast source…

2009/06 – Davenport raised gold price forecasts on steady flow of gold investment interest as inflation hedge. Forecast for 2009 increased to $940 per oz from $925/oz, for 2010 – increased to $1,025 from $1,000, for 2011 / 2012 – increased to $1,100 from $1,000. Forecast source…

2009/07 – Research Oracle raised its 2010 gold price forecast to $1,100 per oz. Forecast source…