Gold News

Gold Bullion 'could see a surge in demand'

Gold Bullion demand could be in line for a "surge in demand" if surrounding economic conditions continue as they are.

That is the opinion of Dirk Wiedmann, head of investments at Rothschild Private Banking & Trust, who believes that should the economic fortunes of nation's such as Greece continue as they are, demand for the precious metal could spike, according to Emirates 24/7.

He told the news provider: "We believe current prices of around $1,100 an ounce provide an attractive entry point for long-term investors.

"Gold remains a natural safe haven in times of turmoil and could see a surge in demand if debt problems in Greece – or other high-deficit economies – continue to escalate."

City AM suggests that economic uncertainties across the globe are causing those who have already invested in Gold Bullion to hold onto their stocks for the safety the investment offers.

The newspaper states: "With sovereign risks undeniably present and fears of US dollar weakness in the second quarter, investors are preferring to hold gold because it is a safe-haven."

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