“Fortune tellers” predict continued decline for gold

Societe Generale had the second April hardly expected that their forecasts for the end of 2013 should be fulfilled after only 13 calendar days.

The 2nd of April, the finance house Societe Generale published an analysis titled "The end of the gold era". In this the financial services company announced the expectation that the price of gold was facing a collapse, with a marked decline as a result. Their assessment at this time was that gold would fall from the current 1575 USD per. ounce to 1375 USD per. ounce at the end of 2013. Compared to the price at the end of 2012 it had the 2nd of April already droped almost 100 USD per. ounce from 1673 USD per. ounce to 1575 USD per. ounce, but this was a steady and slowly drop over three months.

Commodities: Gold still rides on the wave from the debt crisis

The price of gold rose Friday morning after analysts at Bank of America and Deutsche Bank made their estimates for prices in the coming year. This happens after the Federal Reserve announced a third round of quantitative easing and the Bank of Japan a few days ago announced that the bank would raise fund for bond purchases.

Gold heading towards $ 2000 per ounce

The price of gold may be headed for a new record within six months. So believes the Canadian investment bank TD Securities, who sees the price reach $ 2000 per ounce as the new quantitative easing in the U.S. may increase inflation.

Commodities: Large price increases after Bernanke speech

Oil prices rose over the weekend on top of Jackson Hole Symposium and Ben Bernanke's speech, which did not offer clear signs of new quantitative easing, although unemployment in the U.S. economy worries head of the U.S. Federal Reserve. Meanwhile, the U.S. oil production is these days resumed after Hurricane Isaac, and is Monday morning up to 28 percent of normal capacity.