Demand for Gold Bullion 'surges'
Demand for Gold Bullion has surged on the back of the economic volatility of Europe, it has been revealed.
That is according to the Financial Times, which reports that Gold Investment has increased to its highest rate for nearly two years.
The news provider said: "Global demand for gold bars and bullion coins has surged to the highest level since the collapse of Lehman Brothers in 2008 as investors, particularly from Germany, seek refuge amid volatile financial markets in Europe."
Such sentiment is echoed by Bloomberg, which suggests that financiers are "chasing" Gold Bullion in order to place their money in reliable investments.
The news provider states: "Gold set a fresh life high in the international markets as investors continued to chase the yellow metal to hedge against currency risks.
"Even though the euro erased losses against the US dollar, investors bought the yellow metal seeking safety from the turmoil in the European bond markets."
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