As the eurozone struggles to resolve its debt crisis, a new Reuters poll shows experts expect gold prices to fall next year.
Twenty hedge fund managers, economists and traders predict that gold will drop below $1,500 an ounce over the next three months. The yellow metal is already down nearly 11 percent this month.
Gold has been a safe have amid the global economic downturn, but one hedge fund CEO believes gold prices will take a steep downturn in 2012.
"We believe that in 2012, of all metals gold will be the worst performing," Reuters quoted Christoph Eibl, founding partner of the Swiss commodity hedge fund, Tiberius.
With gold heading for its first quarterly loss since September 2008, some fear the precious metal is about to end its decades-long bull market.