Gold News

'Gold environment positive'

Gold prices are on the increase again amid new fears of rising inflation in the US economy, according to Reuters.

The dollar has fallen against the euro and oil prices have increased, causing investors in gold to prepare to buy again.

Suki Cooper, analyst at Barclays Capital, said that the outlook is positive for the precious metal, which has seen price gains lately, following a period of non-movement in the market.

"The overall environment remains very positive for gold because the dollar is so weak, oil prices buoyant and there is concern about financial markets," she said, according to Reuters.

An unnamed gold trader in London echoed her sentiment, stating that gold will benefit from inflation rises "everywhere".

One analyst last week predicted that the good run of prices for gold will continue in the long-term, potentially up to 20 years, according to Commodity Online.

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