Gold prices could go up 12.5 per cent and touch $1,800 per ounce in the second half of 2012, according to the Thomson Reuters GFMS Gold Survey, released in Beijing on Tuesday. Improved investment sentiment for gold will help drive prices up, said the survey. Presently, gold is trading at $1,600.
The Gold Survey noted concerns over the Euro zone debt crisis, which is likely to continue in 2012, with Spain emerging as the principal area of concern.
"All the factors that triggered high gold prices in 2011 are still present in 2012,"
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