Gold News

Eurozone fears 'supporting Gold Bullion demand'

Demand for Gold Bullion is likely to be supported by the problems in the eurozone, it has been claimed.

The euro continues to struggle against all major currencies as a result of the public debt issues that are surrounding Greece and other EU countries and undermining the currency, Reuters reports.

And although Gold Prices have seen a slight pull back in recent days, underlying fears surrounding the risk of financial collapse in Europe will continue to push investors to Buy Gold.

That is according to Walter de Wet, an analyst for Standard Bank, which is the second largest financial institution in South Africa and employs more than 53,500 people around the world.

He told Reuters: "Problems in the euro area should continue to provide some support.

"These debt problems are not going to go away overnight. Gold will continue to have this increased safe haven status."

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