Investors are Buying Gold 'in more efficient way'
A prominent figure at ETF Securities claimed today (November 18th) that the simplicity of making a Gold Investment is contributing to the metal's current rally.
Individual buyers are increasingly turning to gold to provide a safe haven in the present economic climate or as a hedge against inflation further down the line.
Brian Kelleher, senior vice-president of the firm, noted that the plethora of available investment options - plus central banks becoming net buyers - is a positive influence on Gold Prices.
"I think you're seeing the retail public able to invest in gold in a much more efficient way. And you're seeing some significant central bank buying," he told The Street.
Meanwhile, Jim Steel, senior vice-president and metals analyst at HSBC - which is the world's largest banking group - has also sounded a cautiously optimistic note for gold.
Speaking to the Wall Street Journal last week, he explained that prices will rise further while the dollar - which shares a negative correlation with gold - continues to struggle.
"Until the dollar puts in a convincing rebound, then the onus is to the upside in gold," he told the news provider.
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