Commodity prices will move higher in the second half next year

Commodity price will be lower in the first two quarters of 2012 but they will increase over rest of the year, reported Bank of America Merrill Lynch. The most-probable scenario Europe will go in moderate downturn but the global GDP will grow by 3.5% pushing the gold prices to about $2000 on increased monetary easing. However, in the worst case the recession in the Euro Zone will deepen and the commodity price will fall over the all next year.