Gold News

Demand for Gold Investments rises as 'European woes' subside

Confidence is returning to European markets and is likely to encourage those considering Investing in Gold and other assets to move forward with their plans.

EU leaders are scheduled to meet on February 11th to discuss the economic outlook for its member states.

The euro has struggled against the dollar in recent times over fears that certain member states including Greece will struggle to meet their national debt repayments.

However, Bloomberg reports that Hwang Il Doo, senior trader for KEB Futures Co in Seoul, expects commodities such as the precious metal will become more attractive to investors once Greece's budgetary problems are addressed.

"With European woes easing somewhat, the dollar is retreating and demand for investment assets including gold is coming back," he told the news provider.

If past patterns in Gold Price fluctuations are followed, then the precious metal could soon start to improve once more.

Eugen Weinberg, head of commodity research with Commerzbank AG in Frankfurt, told Bloomberg: "We expect the Gold Price to further stabilize due to the current buying interest."

Want to Buy Gold but unsure how to do it? For dealing spreads of $3 per ounce – plus secure, professional storage in Zurich, Switzerland for just 0.12% per year – click through to BullionVault now...ADNFCR-1047-ID-19609065-ADNFCR

See all articles by Gold Bug here.

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.

Follow Us

Facebook Youtube Twitter LinkedIn

 

 

Market Fundamentals