Gold News

Savers Buying Gold for safe haven qualities

Savers are increasingly Buying Gold in order to make the most of its safe haven qualities, it has been revealed.

An article in the Daily Telegraph reveals that people are turning to the security offered by the precious metal as a result of surrounding economic circumstances.

Issues concerning inflation, the pound and deposits returns are among the factors driving people to Buy Gold.

The newspaper writes: "Savers worried about rising inflation, shrinking sterling and dismal returns on bank deposits are seeking a safe haven in gold."

Meanwhile, the Daily Times has revealed that those investing in the precious metal could be headed for a return on their investment, as Gold Prices reacted to an increase in risk appetite.

The News provider stated: "Gold rose [again] as a recovery in risk appetite lifted commodity prices and weighed on the dollar, helping the metal regain some upward momentum after a slide to two-week lows."

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Please Note: All articles published here are to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision you make will put your money at risk. Information or data included here may have already been overtaken by events – and must be verified elsewhere – should you choose to act on it. Please review our Terms & Conditions for accessing Gold News.

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