It’s been a wild ride for gold this year with the price surge through the first three quarters of the year and then the collapse in Q4. The sell-off has confounded many analysts and investors who thought gold would serve as the ultimate safehaven in times of uncertainty. In fact, the opposite has turned out to be the case with the US Dollar becoming the go-to asset in times of safety.
Where are prices headed in 2012? Soozhana Choi, Director, Asia Commodities Research at Deutsche Bank was on CNBC to discuss her outlook. She says gold prices will ultimately hit $2,000 in 2012 because the uncertainty of 2011 will persist and the primary drivers of the gold bull market remain intact: