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City AM: Gold continues march higher

LONDON, 6 May 2010 - No.1 UK gold ownership service today appears in the City of London's popular free daily paper, City AM.

"Retail investors who had the foresight to go long gold five years ago have clocked up big profits," says the paper, "but for those that waited on the sidelines there could be more upside to come."

Quoting Michael Crook at Barclays Wealth in New York - who believes gold prices could slump to $800 an ounce once "everything calms down", City AM also interviewed BullionVault's head of research, Adrian Ash.

"There is now a genuine panic about the sovereign risk in the Eurozone, which means that gold will continue to find a strong bid," says Ash.

You can read the whole City AM report here.

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City AM