Jeff Nichols: Gold to jump to $2000 in 2012

Gold prices are likely to achieve $2000 an ounce in the first two quarters of 2012 as the long-term trend for precious metal remains bullish, said Jeff Nichols, Managing Director of American Precious Metals Advisors. The recent gold slump is not unusual and the price for precious metal will soon rebound loses and will climb above record high September's level of $1923 an ounce, he added.