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Currency volatility could see Gold Investment interest rise

The number of financiers interested in Investing in Gold could increase as a result of "currency volatility".

That is the opinion of Rhona O'Connell, managing director of GFMS Analytics Ltd in London, a division of the internationally renowned precious metals consultancy GFMS Limited, who believes that investor interest in the gold market could increase as a direct result of currency-related uncertainty, according to Bloomberg.

She told the news provider: "I wouldn't be surprised if we have another wave of interest in gold as investors are bound to be concerned about currency volatility."

Such sentiment is supported by the World Gold Council (WGC), which suggests that the outlook for Gold Investment demand in 2010 looks positive on account of the diminished strength of the world's economies.

The WGC said: "If the global economy falters, then western investors will continue to look towards gold for its diversification and portfolio-insurance properties."

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