Leading market analysts predict that the gold price will continue to rise in 2013, with predictions coming in at anywhere from $1,800 to as much as $6,300 per ounce.

Analysts’ Predictions

Morgan Stanley gold price forecast

Morgan Stanley has named gold as its top commodity pick for 2013.

Merrill Lynch gold price forecast

Merrill Lynch has stated that they expect the gold price to hit $2,000 per ounce in 2013.

BNP Paribas gold price forecast

The French bank sees gold hitting new record highs in 2013.

UBS gold price forecast

UBS is also bullish on gold. In early 2012 it boosted its gold price forecast by 50% citing ongoing global macroeconomic disappointments’ and stated that the metal would average $2,075 per ounce in 2013, up from an earlier estimate of $1,380.

Following the US Federal Reserve’s latest round of quantitative easing UBS analysts raised both their one-month and three-month gold forecasts to $1,850 an ounce, previously $1,700 and $1,750 respectively, saying this “sets the stage for the continuation of the precious metals rally.

Standard Chartered $5,000 gold price forecast

Standard Chartered bank recently stated that the gold price could triple due to shortages in gold production. Whilst most gold price predictions are based on inflationary and crisis scenarios, Standard Chartered’s forecast takes into account the supply-demand equation in addition. The bank’s research team looked at the production levels of 345 gold mines and came to the conclusion that gold production will increase by only 3.6% annually over the next five years. The demand for gold has been growing at a much faster pace, driven by purchases of gold by Asian Central Banks.

Superfund gold price forecast: up 50% to 100% by 2014

Superfund’s Aaron Smith expects gold to increase by 50% to 100% by 2014, as measured in major currencies.

BullionVault gold price forecast $3,844

The CEO of BullionVault, Paul Tustain, recently produced a comprehensive presentation in which he explicitly stated his case for $3,844 per ounce gold.

For further information, contact one of our specialist gold market advisers today.