‘Gold will glitter at new highs in 2012', says Goldman Sachs

Forget frankincense and myrrh, gold will be the star commodity to follow in 2012, predicts Wall Street giant Goldman Sachs, writes Rob Davies.

The yellow metal will peak at $1,900 per ounce next year, the bank said, forecasting an annual average of $1,810.

Among the catalysts it pointed to were the continuing environment of low interest rates, low risk appetite and limited supply of the precious metal. ...more