gold price forecast
Gold price forecast chart - 2008 2009 2010 long term (all analysts) - Q4 2007 update
Click on chart to enlarge the Gold Price Forecast Chart 2008 2009 2010 Long Term
Chartered Bank forecasts gold price will fluctuate between $700-750 in 2008-2009
Commodity analyst:
Chartered Bank, Nov 2007
Gold price factors:
- US subprime market crisis,
- weak US Dollar,
- risk of inflation
Societe Generale predicts gold price at $725 per ounce in 2008 and $600 in 2009
Commodity analyst:
Societe Generale, Dec 2007
Gold price factors:
- low current gold stock
CLSA predicts gold price to achieve $3400 per ounce in 2008
Commodity analyst:
CLSA, Sep 2007
Gold price factors:
- US subprime market crisis,
- weak US Dollar
Gold Fields Mineral Services Ltd sees gold price at the level of $1000 an ounce in 2008
Commodity analyst:
Gold Fields Mineral Services Ltd, Nov 2007
Gold price factors:
- weak US Dollar,
- global geopolitical pressure,
- high oil prices.
Credit Suisse predicts gold price at $838 in 2008, $950 in 2009 and $1050 in 2010
Commodity analyst:
Credit Suisse, Nov 2007
Gold price factors:
- falling supply of gold,
- rising inflation.
Bear Stearns predicts gold price at $775 (2008) and $750 (2009)
Commodity analyst:
Bear Stearns, Oct 2007
Gold price factors:
n/a
National Bank Financial forecasts dollar price at $725 (2008), $700 (2009), $650(2010) and $600 (2011)
Commodity analyst:
National Bank Financial, Oct 2007
Gold price factors:
- high oil price,
- weak US dollar,
- rising inflation
Barclays Capital forecasts gold price in 2008 at $830 per ounce
Commodity analyst:
Barclays Capital, Dec 2007
Gold price factors:
- inflation pressure,
- weak dollar,
- strong demand for the gold.
Morgan Stanley set 2008 gold price forecast at $800
Commodity analyst:
Investment bank Morgan Stanley, Oct 2007
Gold price factors:
- global growth,
- inflation pressures,
- growing demand.
UBS forecasts gold price at $760 in 2008 and $700 in 2009
Commodity analyst:
UBS, Oct 2007
Gold price factors:
- US sub-prime crisis,
- weak US dollar
BNP Paribas forecasts gold price between $700-870 over the next six months
Commodity analyst:
BNP Paribas, Nov 2007
Gold price factors:
- weak US dollar
- poor supply of gold.
Madison Avenue Research Group forecasts gold price at $850 per oz in 2008
Commodity analyst:
Madison Avenue Research, Nov 2007.
Gold price factors:
- week US dollar,
- rising oil prices.
BMO Capital Markets forecast gold price at $800 (2008-09), long term forecast is $600
Commodity analyst:
BMO Capital Markets, Oct 2007
Gold price factors:
- supply/demand concern,
- dropping U.S. dollar,
- rising inflation.
Virtual Metals Group sees gold price at the level of $900 per oz in 2008
Commodity analyst:
Virtual Metals Group, Dec 2007
Gold price factors:
- Falling Dollar,
- decreasing investments in the stock market
RBC Dominion Securities Inc forecasts gold price at $780 (2008), $810 (2009) and $850 (2010)
Commodity analyst:
RBC Dominion Securities Inc, Dec 2007.
Goldman Sachs reduces 2008 gold price outlook to $750
Commodity analyst:
Goldman Sachs, Dec 2007.
Gold price factors:
- slowing global economic activity and strong U.S. dollar will downgrade gold’s price,
JP Morgan forecasts gold price at $814 in 2008, $767 in 2009 and $675 for long term
Commodity analyst:
JP Morgan, Dec 2007.
Gold price factors:
- gold's safe haven status during sub-prime troubles in US,
- strong demand from India, China and the Middle East.
