I'm not so sure about Bank of America Merrill Lynch but Barclays prediction for 2013 is the nearest.
Forecast of $1,425/oz vs actual of $1,412/oz

This post has been edited by davinz18: Jan 11 2014, 03:20 PM

wah, u really did your research I'm not sure , but looks the forecast should be true for rest of the year. Now price up because of upcoming CNY season

No problem, everyone are welcome to share information here. That's why we have tis Gold Invest Thread
I'm also new & need to learn more from sifu's here

What I know ETF is a fund that's includes basket of asset from shares to gold. I think what Robin Bhar means is the ETF fund would be selling off gold holding & reinvesting in others asset type thus "pushing" gold price even lower

GSR?

if u feel it's good indicator, then why not use it.

one thing u miss-out is there's 2nd hand gold still in the market which is much more lower cost. these gold supply would also influence the price.

Gold dips after upbeat manufacturing report

Gold prices extended losses Wednesday, reeling as investors warmed up to equities and as UBS forecast gold prices could fall 15% this year.

Adding to the negative calls on gold, UBS strategists said in a note Wednesday that they expect gold prices to fall about 15% year over year on the Fed’s tapering and lackluster demand. HSBC, Deutsche Bank and Bank of America/Merrill Lynch have also recently cut their gold forecasts.

Standard Bank’s Walter de Wet sees more headwinds for gold next month.

“Once current seasonal demand from Asia fades as we head into February, new longs in the futures market are likely to be liquidated,” he wrote. “Combined with ETF gold liquidation (which we expect to continue throughout [the first quarter]), this should see the current rally in gold fade.”

Gold holds steady, but Chinese demand slows

Gold was holding just below a six-week peak on Tuesday amid higher equities and worry that physical demand could ease due to the recent rally in prices.

Investors were reluctant to take big positions in bullion a week ahead of a Federal Reserve policy meeting, when it could announce another cut to its bond-buying stimulus.

"Gold is likely to remain pressured in the days ahead ... from traders positioning for FOMC (Federal open market committee) commencing in exactly a week’s time," Phillip Futures investment analyst Joyce Liu said.

Gold purchases in China, the biggest buyer of the metal, have slowed from last week’s levels as gold prices have gained for four straight weeks.

The physical price of gold as at 5pm stood at RM128.10 per gramme, down RM1.04 from RM129.14 at 5pm yesterday - Bernama

The physical price of gold as at 5pm stood at RM128.26 per gramme, up 16 sen from RM128.10 at 5pm yesterday - Bernama

The physical price of gold as at 5PM stood at RM131.99 per gramme, up RM1.55 from RM130.44 at 5pm last Friday - Bernama

Is Gold Getting Ready To Give Back Its Gains?
http://www.investing.com/analysis/is-gold-...ts-gains-200994

This post has been edited by davinz18: Feb 3 2014, 06:12 PM

The physical price of gold as at 5PM Stood at RM130.14 per gramme, down 78 sen from RM130.92 at 5pm last Thursday - Bernama

The physical price of gold as at 5pm, stood at RM129.69 per gramme, down 45 sen from RM130.14 at 5pm yesterday - Bernama

The physical price of gold as at 5pm stood at RM130.17 per gramme, up 48 sen from RM129.69 at 5pm yesterday - Bernama

The physical price of gold as at 5pm, stood at RM130.70 per gramme, up 53 sen from RM130.17 at 5pm yesterday - Bernama

The physical price of gold as at 5pm, stood at RM132.44 per gramme up RM1.74 from RM130.70 at 5pm last Friday - Bernama

The physical price of gold as at 5pm, stood at RM133.10 per gramme, up 66 sen from RM132.44 at 5pm yesterday - Bernama

Gold prices rise amid China's missing bullion mystery

Gold has hit a a three-month high, defying most expert views that 2014 would see further falls in the precious metal a day after a report revealed 500-tonnes of bullion is missing somewhere in China.

However, the recent rally still has many analysts questioning whether the recent turnaround is just a "dead cat bounce" or a sustained revision in market sentiment?

The China Gold Association (CGA) report, which cites a figure similar to the net gold imports to China from Hong Kong of 1157 tonnes, has created a mystery surrounding what has happened to the country's indigenous supply. About 500 tonnes of gold from Chinese mines and scrap is unaccounted for by the CGA.

According to brokers at Macquarie it "remains a mystery what happened to the other gold available in China". The missing gold will again raise questions over the strength of demand in the world's largest market for the metal amid concern that more gold is being traded on the black market. One conspiracy theory is that the People's Bank of China is simply stockpiling gold off balance sheet.

The physical price of gold as at 5pm, stood at RM133.00 per gramme, down 10 sen from RM133.10 at 5pm yesterday - Bernama

Gold bars found in plane toilet moved to Bank Negara as Indian authorities probe incident
http://www.thestar.com.my/News/Nation/2014...to-Bank-Negara/