What Are the Potential Outcomes for Gold Price in 2012?

Following my recent article on the potential outcomes for the price of silver in
2012, this article will complete the picture with a short overview of the
possible outcomes for gold price. This analysis should give you a broad
perspective as to the potential direction gold price might head by the end of
2012. During the first half of 2011 gold price climbed up very slowly and by the
end of June it has only risen by nearly 5%. During the second part of the year
gold price experienced much more volatility as I have explained in the past.
Gold finished 2011 with a 10% gain. So what could we expect gold price to reach
by the end of 2012? I think, there are four major scenarios to consider: Gold
price ranging between $1,700 and $1,900 by the end of 2012 (probability of this
option – high): This scenario, in my opinion, is most likely. Even though the
current price of gold is in this range (as of February 21st, gold price reached
$1,758), bear in mind this range reflects a yearly increase of 9%-21% compared
with the level of gold from the end of 2011. Much like in 2011,