What does 2012 have in store for gold prices? Will demand push the price higher or is the gold rush over? Concerns over the euro zone continue to put pressure on investors in gold, silver and other precious metals.

If we look at gold demand worldwide we see that demand increased 6% in 2011. Demand for gold in china looks set to increase as china develops a middle class and upper class.

Also producing gold has become far more difficult as it takes about ten years to get into gold production. Increasing demand and reduced production could see a rise in gold prices for 2012.

Concerns over europe may reduce demand in the short term and gold prices may fall as a result but long term support driven by demand could mean gold ends up at the end of 2012.

Source: CNBC Video