HSBC believes gold may rally above $1900 by the end of 2012 due to continued economic uncertainty, geopolitical tensions and uncertainty regarding the upcoming U.S. elections.

Joe Battaglia discussed this week’s precious metals and economic news including: silver prices show strength this week; better than expected U.S. jobs report but higher unemployment may affect markets; the pending “fiscal cliff”; inaction by the Fed and ECB this week and what it could mean for gold and silver; gold as a possible hedge against inflation; gold’s value at current prices; the Royal Canadian Mint’s War of 1812 quarter ounce gold bullion coin; analyst price targets for gold and silver.

According to The Wall Street Journal, the Federal Reserve may announce a new round of quantitative easing in September designed to bolster the flagging U.S. economy. We discuss how QE3 could affect gold and silver prices.

In a recent CNBC survey of market participants, an overwhelming 89 percent expect the ECB to undertake additional quantitative easing measures while 78 percent expect the Fed to take similar action. Most of the respondents expect the Fed to act in September rather than at today’s FOMC announcement. We discuss this and what it could mean for gold and silver prices.

UBS has raised its one-month gold forecast to $1,700 per ounce and its three-month forecast to $1,750 per ounce based upon possible quantitative easing from the Federal Reserve meeting in September and the presidential election in November.

John Hathaway of the Tocqueville Gold Fund believes the Federal Reserve is on the verge of green lighting more monetary easing. He believes once this happens, the price of gold could move “three digits.”

Joe Battaglia discussed this week’s precious metals and economic news including: the LIBOR scandal; ECB’s vow to preserve the euro; Federal Reserve hints at QE3; Moody’s cuts outlook for Germany; banking regulations and a possible return to the Glass-Steagall Act; the looming “Fiscal Cliff” for the US economy; Nouriel Roubinin’s dire predictions for the US economy; analysts’ price targets for gold and silver.

Gold prices rose for a second day due to a strengthening euro and weakening dollar following recent reports the ECB intends to support the euro. We discuss this, as well as analyst price targets for gold and silver.

Gold prices moved higher on a rising euro and falling U.S. dollar. We discuss the reasons for this increase and what another round of quantitative easing could mean for gold and silver prices.

Judd Gregg, former governor and three-term senator from New Hampshire, wrote in The Hill how September has historically been a month of unusual and damaging economic events from the Great Depression to the Lehman collapse. We discuss the looming “fiscal cliff” and what it could mean for gold prices and the economy.

Economic forecaster and founder of MacroMavens, Stephanie Pomboy, told Barron’s that she believes a return to a gold backed currency is a very realistic proposition within five years.

Joe Battaglia discussed this week’s precious metals and economic news including: preparing for the “fiscal cliff”; corruption in banking; possible food inflation due to drought; gold’s role in potential asset protection and preservation of wealth; gold as an alternative currency; analyst price targets for gold and silver.

Jean-Marie Eveillard of First Eagle Funds believes that China’s growing gold reserves are affecting the gold market. We discuss this and Eveillard’s belief that the recent correction in gold prices is nearing an end.

Egon Von Greyerz, founder and managing partner of Matterhorn Asset Management AG, penned a commentary on why he believes gold prices will erupt, potentially sending prices as high as $5,000 per ounce in the next 12-18 months. We discuss his commentary and price forecasts.

John Embry, Chief Investment Strategist of Sprott Asset Management, stated in an interview with King World News “this is one of the great opportunities to load up on as much physical gold and silver as you can get.” We discuss Mr. Embry’s views and how gold can act as a safe haven asset against inflation.

Egon Von Greyerz of Matterhorn Asset Management believes gold could hit $3500 to $5000 and silver could reach $50 within the next 12 to 18 months due to central banks injecting massive amounts of currency into their economies.

Joe Battaglia discussed this week’s precious metals and economic news including: European and US bank corruption; the LIBOR scandal; the release of the Fed’s June FOMC minutes and what it might indicate for QE3; a return to a modified gold standard; and analysts’ price targets for gold and silver.

In their July newsletter, Mary Anne and Pamela Aden discuss why they remain bullish on gold, stating gold has yet to reach bubble levels.

Noted investor Jean Marie Eveillard discusses his view that gold is a potential hedge against inflation and possible alternative currency while the central banks continue to print money.

Philip Klapwijk of GFMS says gold could easily breach $1800 before the end of the year, while Merrill Lynch has issued a price target of $2000 by the end of 2012. We discuss the price forecasts as well as John Embry’s take that the current gold prices represent one of the best buying opportunities in history.

Analyst David Zervos believes that accommodative policy by central banks should be sending commodities to the moon. He also believes that when push comes to shove, central bankers will forgo austerity in favor of the printing press.

Joe Battaglia Wraps Up This Week’s Gold and Silver News.

Société Générale: Investors urged by ---- to buy gold “ahead of QE3” as Eurozone and China Cut Interest Rates.

Gold prices rose more than 1 percent after disappointing U.S. manufacturing data boosted the possibility of further quantitative easing from the Fed. We discuss this possibility and the market anticipation of Friday’s non-farm employment figures.

Eric Sprott of Sprott Asset Management believes with the international financial chaos, physical gold and silver may become the favored assets over fiat currencies.

We discuss this week’s precious metals and economic news including: gold’s dramatic rise on Friday following the EU surprise announcement; the EU summit in Brussels and the resulting effects on the markets; Nomura’s 11 reasons why gold prices could rise; the New York Times report that the JP Morgan trading losses could hit $9 billion; analyst price targets for gold and silver.

Richard Russell, author of The Dow Theory Letters, believes gold is in a classic bull market and that gold will ultimately become the chosen currency over fiat currencies.

John Embry of Sprott Asset Management believes the European Union could be on the edge of collapse should Germany block the ECB from monetary easing. We discuss this prospect and why Embry stated he is allocating assets into gold and silver.

Japanese bank Nomura believes the worst is behind us for gold prices and provide 11 reasons gold prices may rise.

According to Reuters, nervous investors seeking to protect their wealth from economic uncertainty have been stashing gold and other valuables in Swiss bank safe deposit boxes. "So much money has been pumped into the system that people are worried about inflation down the road," said Bruno S. Frey, professor of economics at the University of Zurich.

Joe Battaglia discussed this week’s precious metals and economic news including: the Fed decision to extend Operation Twist rather than implement QE3; Moody’s bank downgrades; this week’s market volatility; the benefits of a diversified portfolio; Russia and Korea adding to their gold holdings; continued problems in the European Union; why gold can have delayed reactions to macro-economic events; the gold standard; analyst price targets for gold and silver.

The Federal Reserve announced yesterday that it will extend its Operation Twist rather than embark on a third round of quantitative easing. Some analysts believe the Fed could call for QE3 at the FOMC meeting scheduled for July 31-August 1. We discuss the Fed policies and their impact on gold and silver prices.

Marcus Grubb, managing director of investment for the World Gold Council, says it is not uncommon for gold to have a delayed reaction to macro-economic events and that gold still plays a vital role as an asset protector of wealth within a diversified portfolio. We discuss this and the Federal Reserves’ extension of Operation Twist.

Goldman Sachs Chief U.S. economist, Jan Hatzius says the Federal Open Market Committee will likely announce further easing of monetary policy, either in the form of a third round of quantitative easing or an extension of the current Operation Twist. We discuss the potential effects of quantitative easing on gold and silver prices.

World leaders are meeting at the G-20 meeting in Los Cabos, Mexico today to address the growing financial crisis in Europe. We discuss the potential impact of this meeting and the upcoming FOMC meeting later this week on gold and silver prices.

Joe Battaglia discussed this week’s precious metals and economic news including: this weekend’s election in Greece and how it could affect the U.S.; key differences between the U.S. and the EU; Moody’s downgrade of Spain’s credit rating; Moody’s announcement that it will likely downgrade 5 of the 6 largest U.S. banks; the Great Depression; the massive runs on Greek banks; China cutting interest rates; the possibility of a QE3 announcement at next week’s FOMC meeting; Kazakhstan increasing its gold reserves; possible financial crisis in Italy; India’s credit downgrade; problems with healthcare; why the dollar and stocks don’t always have an inverse relationship with gold; analyst price targets for gold and silver.

With Sunday’s Greek special election looming, we discuss the potential effects of a Greek departure from the euro on the U.S. economy and gold and silver prices, as well as the importance of a diversified portfolio.

Noted analysts Mary Anne and Pamela Aden believe the gold bull market could last another five to ten years based on gold’s underlying strength as the U.S. dollar has moved higher and continued central bank demand. We discuss this and the tensions in Greece ahead of this weekend’s elections.

With financial woes continuing in Europe and possible new monetary stimulus, analysts at Standard Bank believe gold prices may rise above $1,900 by Q4 2012.

Moody’s Investors Service announced it may reduce the credit ratings of five of the six largest U.S. banks by the end of the month. We discuss how this downgrade may affect gold and silver prices.

Joe Battaglia discussed this week’s precious metals and economic news including: gold’s performance this year; the disappointing unemployment/jobs statistics; JP Morgan’s recent losses; the possibility of QE3; Kazakhstan increasing gold holdings; analyst price targets for gold and silver.

Increasing demand for silver for industrial applications, as well as investment demand could send silver prices higher.

Analysts at Bank of America/Merrill Lynch believe gold may reach $2,000 an ounce this year, with a fourth quarter average of $1,875.

Analyst Peter Grandich says gold may eventually reach $2300-2500 per ounce which is the minimum target before gold’s bull run comes close to an end.

Morgan Stanley has increased the likelihood that the Federal Reserve will implement a third round of quantitative easing from 50 percent to 80 percent given last week’s disappointing U.S. jobs report. We discuss this and what it could mean for gold and silver.

Joe Battaglia discussed this week’s precious metals and economic news including: rising gold and silver prices; weak US employment data; the Facebook IPO; the European banking crisis; Moody’s downgrade of Danish banks; Spain tries to save Bankia; fiat currencies vs gold backed currencies; the possibility of QE3; gold as a safe-haven asset; central banks gold purchases; analyst price targets for gold and silver.

Moody’s downgrades 9 Danish banks and Spain tries to salvage the country’s largest bank. We discuss the eroding situation in Europe and what it could mean for gold and silver.

Sprott Asset Management’s John Embry believes gold prices may reach $10,000 due to fiat currencies and inflation.

Some analysts believe gold is poised to regain its safe-haven status before the end of the year on the growing Euro-zone debt crisis and a possible third round of quantitative easing.

Joe Battaglia discussed this week’s precious metals and economic news including: the possibility that the gold correction is over; Facebook’s IPO; oil prices dropping; runs on Spanish banks; JP Morgan losses grow by another $1 billion; central banks and hedge funds continue to add gold to their holdings; Moody’s downgrades 16 Spanish banks; investing in silver; EU summit declares desire for Greece to remain in Eurozone; possibility of Eurozone crisis boosting gold prices; possible return to the gold standard; analyst price targets for gold and silver.

Several countries, including Mexico, Kazakhstan, Ukraine and the Philippines, added to their gold holdings last month. We’ll discuss this and the EU preparations for a possible Greek exit from the eurozone.

The technical analysts at BofA Merrill Lynch recently wrote:"Gold has pulled back to test support at $1550-1500. This support is holding, which sets up gold for a rally... Our longer-term view remains that gold is in a secular bull market with upside potential to $2000-2300 to as high as $3000 in coming years."

Veteran precious metals analyst Leonard Melman is calling for gold prices to hit $2400 and silver to reach $55 in Q4 of 2012, while David Murrin of Emergent Asset Management says gold could hit $2500 on a failing euro and failing U.S. dollar.

Eric Sprott of Sprott Asset Management believes gold and silver continue to be important assets to own due to the Euro zone crisis, a zero interest rate policy, the Chinese appetite for gold and continued central bank buying.

This week’s gold volatility and late week rally; $700 million Euro run on Greek banks; JP Morgan’s $2 billion loss; China overtaking India as the world’s top consumer of gold; analyst price targets for gold and precious metals.

Several Federal Reserve members have indicated a third round of quantitative easing may be implement if the current economic recovery loses momentum. We discuss this and the $500 million gold purchase by a Japanese pension fund.

Standard Bank’s Walter De Wet says gold could hit $1900 later this year on Asian demand and central bank money printing.

Money manager Stephen Leeb says unstable world markets will send gold to new highs.

Analysts at Morgan Stanley believe gold may reach $2175 over the next year due to central bank buying and the continuing euro zone crisis.

JP Morgan’s $2 billion trading losses; Moody’s Investors Services planned downgrades of over 100 banks; Greece’s financial woes; European election fallout; China continues to import more gold; analyst price targets for gold and silver.

Despite the recent correction, analysts at Goldman Sachs and UBS call for higher gold prices.

Moody’s will begin cutting the credit ratings of more than 100 banks later this month. We discuss how such downgrades and the continuing Eurozone crisis may affect the markets.

With the volatility in the gold market today, we revisit Deutsche Bank’s call for rising gold prices this year.

The latest precious metals prices, analyst forecasts, and economic news.

US jobs data numbers; US debt; Goldline as exclusive dealer for the Royal Canadian Mint’s War of 1812 ¼ ounce gold bullion coin; European debt crisis; Euro zone unemployment; prospects of QE3; rising inflation; analyst price targets for gold and silver.

Analyst James Turk believes continuing problems in Europe could lead to gold and silver becoming the world’s only safe currencies. Turk also sees a continuation of gold’s bull run.

Bank of America analyst MacNeil Curry projects gold could reach $3000 to $5000 and possibly $7000 per ounce before gold’s bull run ends.

Citibank analyst Tom Fitzpatrick says gold could hit $3400 in the long-term and $2400 within 12 months as investors return to this safe haven asset.

Goldman Sachs expects gold prices to resume their ascent, stating that subdued US growth suggests the US Fed will utilize some form of quantitative easing. Goldman also reiterated its price target of $1840 per ounce.

The Fed leaves open the possibility of QE3; the IMF data says central banks are still net gold buyers; Argentina added to its gold reserves, even at record prices; India’s Aksaya Tritiya festival and gold; Jim Sinclair’s assertion that gold could hit $3000; analyst price targets for gold and silver.

A new round of quantitative easing remains an option for the Federal Reserve. We discuss how QE3 could affect gold prices.

With central banks continuing to buy significant amounts of gold, China agreeing to settle commerce with Iran in gold, and a possible conflict between Israel and Iran looming, legendary investor Jim Sinclair says gold prices could rise to $3000.

Data from the IMF today showed that Argentina purchased 7 tons of gold last year as the yellow metal was hitting an all-time highs of $1920.30 per ounce. UBS analyst Edel Tully said this suggests the Argentinean central bank was more concerned with increasing its gold reserves despite record prices.

With central banks continuing to stockpile gold reserves, could these governments be preparing to return to gold backed currencies?

Moody’s weighs possible downgrades of 114 European banks; China may be pushing for an internationalization of their currency; CNBC’s man-on-the-street segment and it’s reflection on gold’s current bull run; U.S. jobs numbers; possible financial troubles for Spain; India’s upcoming festival season and its postal service decision to begin selling gold; analyst price targets for gold and silver.

CNBC aired a man-on-the-street segment asking people to choose between $600 in cash, one share of Apple stock, an I-Pad 2 or a 1/3 ounce gold coin. We discuss the results and how it may reflect on gold’s current bull run.

China is on its way to overtaking India as the world’s largest gold consumer. We discuss this and the possibility that China could be attempting to promote the internationalization of the Chinese currency.

Philip Klapwijk of GFMS gives three key factors, including the probability of new quantitative easing, that could contribute to gold’s continued bull run.

Moody’s Investors Service is delaying their decision to downgrade up to 114 banks in 16 European nations until May. We discuss the possible downgrades and the importance of a diversified portfolio.

Possible credit downgrades for 3 US banks; China appetite for gold continues to grow; the Indian jeweler’s strike ends with the wedding season quickly approaching; Philip Klapwijk of GFMS says gold could top $2000; analyst price targets for gold and silver

Precious metals consultancy GFMS says fears regarding Spain’s financial stability could send more investment dollars to gold, with the possibility that prices could top $2000 later this year.

We discuss the reasons why the current gold bull market may be stronger than the bull market from the 1970’s. Also, Goldline is the exclusive dealer for the Royal Canadian Mint’s War of 1812 gold bullion coin.

Moody’s may downgrade three major banks credit ratings next month. We discuss the possible downgrade and the growing possibility of QE3.

Analysts at Barclay’s Capital said weaker than expected U.S. jobs data leaves the door open for the Fed to start another round of quantitative easing.

Joe Battaglia returns to host the Week in Review and discusses Richard Russell’s take on China, Jim Rogers’ buys on the dip, the release of the Fed’s minutes, employment job statistics and analysts price targets for gold and silver.

Noted investor Jim Rogers said recently that he would buy more gold at current prices and that he expects gold to go much higher within the coming decade.

Gold strategist Jim Sinclair says it a question of when, not if, corporations move from fiat currencies to gold.

Richard Russell of The Dow Theory Letters believes China, as the current largest miner and buyer of gold, could be trying to corner the gold market.

Eric Sprott says current prices of gold and silver represent an opportunity for investors to accumulate both metals at "nominal" prices.

Gold reacts to Fed comments on labor statistics and Chairman Bernanke’s comments; mining executives remain bullish on gold prices; Egon Von Greyerz says the EU leaders are misleading the public about the debt crisis and he sees further quantitative easing in Europe’s future; analyst price targets for gold and silver.

Analysts discuss gold’s role as a diversification tool, asset protection and the possibility of $2000 gold if the EU dissolves.

Commodities analysts at Goldman Sachs are forecasting gold to rise to $1785 per ounce within 3 months, $1840 over 6 months, and $1940 over the next 12 months.

AngloGold Ashanti calls for gold to hit $2000 this year. Australian bank Macquarie says prices are likely to hit $2,250, with current prices offering a major buying opportunity.

Gold prices moved higher following comments from Federal Reserve Chairman Ben Bernanke that faster growth will be needed to boost employment and QE3 could be in the works.

The Turkish government is encouraging its citizens to transfer their gold holding into the government’s banking system in exchange for Turkish lira; Gold prices rise on Friday; central banks continue buying gold; physical gold demand is down in India as shop owners protest higher gold import duties; analyst price forecasts.

Official government inflation figures suggest gold should be selling around $2500 making gold currently underpriced. Is there manipulation of the gold markets?

Veteran fund manager John Hathaway says gold has reached an important bottom, creating a buying opportunity with the yellow metal poised to reach new highs.

We discuss some of the reasons to own gold including its role as a hedge against inflation, potential protection of your portfolio and the fact that gold is one of the oldest forms of wealth and currency.

Society General's Dylan Grice believes investors should be holding onto their gold and that a "fair value" price would be $10,000. Also, central banks continue to purchase gold.

Stephen Leeb describes gold as currency and believes it could rise to $10,000 per ounce; the University of Texas reclaims $1 billion in physical gold; both Switzerland and Germany are attempting to repatriate their gold reserves; Pierre Lassonde explains how gold prices could spike 20% within a day or two; coverage from the Fed’s FOMC announcement on Tuesday; analyst gold price targets.