Gold experiences some downward pressure but is still set fair to reach $2000 an ounce later this year.
(1888PressRelease) January 26, 2012 - MIAMI, FL - Gold continued to come under pressure, Wednesday, from a stronger dollar and profit taking. In the short term, continuing concerns over the euro zone crisis, resulting in a rush to the dollar, are likely to keep a cap on gold's upward surge. In the long-term however, we are likely to see the situation change. With a US election due in November, and the accompanying political uncertainty, the dollar may seem far less attractive and we are likely to see a rush to flee the dollar and to buy gold bullion, just as happened during the US debt debacle in August 2011.
Market analysts have disagreed in their forecasts for 2012 but there has been consensus in one aspect; the vast majority expects precious metals to fare better during the second half of the year. That said, the precious metals have had a stellar beginning to 2012 with gold still showing almost a 10% gain over its price in early December.
"Gold is not a short-term investment, unless you are a speculator and enjoy playing the market," says Bill Hionas of Pan American Metals of Miami. "Gold prices have already made significant gains since December, which bodes well for the rest of the year to come. Forecasts of $2000 an ounce during 2012 mostly stipulated the second half of the year and these forecasts remain easily achievable, given the strong beginning that we have seen."
Pan American Metals of Miami is a South Florida precious metals company run by Bill Hionas and a team of seasoned investors, traders and account executives.
About us:
Pan American Metals of Miami, LLC is a group of traders, investors and account executives that combines many years of experience to help clients invest in bullion. PAMM provides an individual investment service and is based in Miami, Florida for convenient access to both North and South American investors.
Website: http://www.panamericanmetalsofmiami.com
Press Contact
Debbie Bailey
Executive Administrator
Pan American Metals of Miami, LLC
Email: dbailey ( @ ) investpanam dot com
Website: http://www.panamericanmetalsofmiami.com
Gold experiences some downward pressure but is still set fair to reach $2000 an ounce later this year. 
Satisfied Users & 
Approved Press Releases
Print
Email
Report Spam