Gold will surge to next leg to $1,300/oz.: “The price of gold year-over-year was 2% lower. Demand was up 38%. The price of gold, in relation to the increased demand, should be at $1,273/oz., and I suspect it will get there. I like to keep between 10% and 15% in physical gold,” said Victor Gonçalves, producer of Equities & Economics Report to TheGoldReport.