Gold prices have been steadily recovering. But what's the longer term trend? Opinion is deeply divided.  Prices are down by around a quarter this year. Saxo Private Bank's Chief Investment Officer, Teis Knuthsen tells Saxo TV's Sara Walker gold has another 30% to drop before gold is in line with inflation and another 40% before it's aligned to equity markets. Teis believes we're just at the beginning of a long term bear markets.
However, there are plenty of bulls out there who believe the fundamentals of the precious metal are still very much intact. Ronald-Peter Stoferle, from asset management company, Incrementum, says there's so little room for interest rates to rise, the overall environment for gold is very positive. He has a long term targe of $2,300 / ounce.
The Fed Chairman, Ben Bernanke recently says he doesn't really understand the gold price. Perhaps that's one of the reasons why there are such conflicting views about its future.