Gold News

Gold gets 'a string of good news'

Support from platinum, oil prices and the euro could help to boost gold prices, the Economic Times reports.

Adrian Koh, an analyst at Phillip Futures in Singapore, has pointed out that a dip in the strength of the euro and increased buying of platinum may persuade investors to return to commodity, while high oil prices may again invite gold investment as a hedge against inflation.

"[The euro] provides some support for gold. Higher oil prices and the platinum news are also supportive. So basically, it's a string of good news for gold," he said, according to the Economic Times.

Platinum is expected to increase thanks to a spurt in buying from the automobile industry, where it is used to cleanse exhaust fumes.

Meanwhile, Bloomberg reports that a survey of 19 gold traders, investors and analysts in London and Chicago last week found that nine advised now to be a good time to buy gold, while four were waiting to assess conditions further.

Researching your first Gold Investment today? Don't pay more than you should! Make it cheap, simple & ultra-secure at BullionVault…




BullionVault-cube-18589540-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