By Esther Tanquintic-Misa:
January 5, 2012 9:15 PM EST
After a strong year in 2011, with gains registered at roughly 15 per cent in just 12 months, gold has been forecast to average $1,850 a troy ounce for 2012 and 2013 by HSBC. The question now hangs: Is gold - long considered a safe haven to guard one's assets - still worth buying?
The answer could still be yes.
"For investors who have a strong opinion on where gold is headed, or for traders looking to make a quick return, there is a wealth of options available. Perhaps the most direct method comes from the February GC Gold futures contract offered on the COMEX. The February contract is currently the most heavily traded future and will offer the best liquidity," Jared Cummans wrote on www.seekingalpha.com.
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