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TheStreet: Gold Needs Catalyst to Escape Euro Woes

LONDON, 10 May 2012 - Secure, low-cost gold and silver investment exchange BullionVault features today in an exclusive interview with US finance site, TheStreet.com.

Speaking to TheStreet's New York team from BullionVault's offices in West London, head of research Adrian Ash explains why the gold price is falling despite the current phase of the Eurozone crisis.

"The current crisis isn't imminent enough to overcome the liquidity crunch and flight to cash it's also causing," says Adrian.

"Gold needs a catalyst to break the current downdraft caused by Euro worries."

Adrian also comments on the financial media's changing attitude to gold, as well as rumours of Eurozone central-bank gold sales.

You can hear the full interview at TheStreet.com.


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Source: 
TheStreet