Gold News

Steady prices attracting Gold Investment

Investors are Buying Gold in Europe after a dip in prices prompted a rise in demand for the physical stocks of the precious metal.

A number of speculative buyers have left the market in the run up to the new year, but this is unlikely to prevent 2010 being a strong year for gold said Afshin Nabavi, head of trading at MKS Finance.

The analyst stated: "Selling seems to be coming from specs liquidating their positions and if it hadn't been for physical demand, the market would have been much lower.

"It is very difficult to have an opinion for the next few days, but I remain positive towards the price of gold in the coming year."

Meanwhile, Pradeep Unni, a senior analyst at Richcomm Global Services, predicted that prices could close the year in the range of $1,050 to $1,055.

This is in line with the view of the Royal Bank of Scotland, which has raised its long-term forecast for Gold Prices in both 2011 and 2012.

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


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