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Reuters: Sterling-priced gold hits record £828.60 /oz

LONDON, 7 May 2010 – – the world-leading gold trading and ownership service – today features in Reuters' latest report on the fast-rising price of gold.

"People tend to buy gold when they see trouble ahead, or when trouble hits, and right now you have both of those," said Adrian Ash, head of research at BullionVault.

"Gold thrives on fear and uncertainty."

Citing uncertainty over the UK's general election, as well as fears of persistent debt problems inside the Eurozone, Reuters notes the new all-time record high in Sterling gold prices for British investors.

You can read Adrian's comments – which were updated as the action unfolded on Friday – syndicated across Thomson-Reuters news wires here.

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