Gold News

'Now is a time for buying gold'

People considering making a gold investment should add to their portfolio now, since the current trend of positive prices is likely to continue.

This is according to Gene Arensberg, writing for Resource Investor, who said that a number of factors indicate that gold prices will not fall in the long-term.

He cited negative interest rates, escalating inflation, high oil prices and falling output from mines as factors which could increase demand for the precious metal, also pointing out that central banks are not selling as much gold as they are permitted to.

"It is a time for buying gold, not selling it. This is a gold bull market and it won't end abruptly anytime soon. This report continues to recommend buying - add a reasonable percentage of gold soon to [your] investment portfolio if you haven't already done so," Mr Arensberg wrote.

Earlier this month, a report from Citigroup said that unless macro and supply and demand factors in the economy change significantly, gold bullion is likely to continue its good run in the long-term.

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