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Buying gold 'will stay a safe haven investment'

The return of investors to the market will ensure the price of gold continues to rise, an analyst has claimed in an interview with the Associated Press.

According to CMC Markets analyst David Taylor, conflicts in different areas of the globe - not least in the Middle East - have seen people returning to gold investment as a way of keeping their money secure.

This trend is likely to continue for at least the first half of the year, he said.

''The first six months are going to be pretty much more of the same,'' Mr Taylor told the news provider.

''Gold has been a safe haven for the last little while but has suffered from the fact that people wanted to hold cash recently... people were deleveraging.

''As long as people don't need to deleverage and as long as the rest of the market behaves in a normal way, we might see gold stay as a safe haven investment."

Stephen Platt, a commodity analyst at Archer Financial Services, noted recently that gold had retained its allure better than other commodities in the wake of the global financial crisis.

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