World's largest solid gold brick weighing 220kg (485lb) Photo: AFP/Getty There are both headwinds and tailwinds influencing the gold price, but the positives combined with the degree of investment demand from wealthier investors – should outweigh the negatives. We believe this is likely to force a peak that is nearer $1,300 per ounce over the next six months, with $1,000 per ounce becoming the new long-term floor. In our view, the following factors are currently influencing the gold price in the medium to long-term.   Related Articles Gold: Warning for investors chasing short-term gains Ten ways to invest in gold Talk of Glencore selling £1.5bn stake Gordon Brown seizes on Tory Andrew Lansley's budget cut pledge Rising bond yields highlight fears about governments? crisis skills 1. Last week’s IMF announcement of its plan to sell 191.3 tonnes of bullion on the open market under the Central Bank Gold Agreement put pressure on gold prices. This negative price response seems to be due to the perceived lack of demand from official sectors to purchase the IMF balance – last year only 150 tonnes of a planned sale of 400 tonnes was sold.[Read more...]