The price of gold is predicted to reach US$1,800 per troy ounce and potential to reach US$2,000 per troy ounce

The price of gold is predicted to reach US$1,800 per troy ounce and potential to reach US$2,000 per troy ounce in 12 months to come. The price once decreased when the country led by Barack Obama released data about the creation of 117,000 job opportunities and a 9.1% decrease in the jobless rate.

Global analysts disclosed that besides US economic crisis, debt issue in Europe also becomes a catalyst driving up the price of gold on the international market.