Gold Price May Peak at $2,000/oz in 2013

Reuters reported that gold’s twelve-year bull run could peak in 2013 at over $2,000 per ounce.

As quoted in the market news:

The market is expected to rise to new highs by early 2013 after struggling this year against a backdrop of softer demand in key physical markets and slackening investment appetite for bullion, GFMS chairman Philip Klapwijk told Reuters.

Gold prices are likely to be driven above $2,000 as concerns over the euro zone debt crisis persist and the prospect of more U.S. monetary easing gains ground, he said.

Click here to read the full Reuters report.