But price plateau might be nearing, some analysts say
Gold could see record average highs this year and next, but its 12-year long bull run may be reaching a plateau as gains get smaller on expectations for monetary policy to stabilize in the United States and other key economies, a Reuters poll showed.
Silver is expected to recover in 2013 from last year's decline in average prices, before picking up again next year. They are still expected to fall short of 2011's average $35.25 an ounce, however.
The survey of 37 analysts carried out by Reuters in January predicted an average spot
gold price of $1,775 an ounce in 2013, 6.4 percent higher than last year's average of $1,668, based on the Reuters nominal spot closing price.
The average
gold price is forecast to be broadly flat in 2014, at $1,780 an ounce.
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