Gold News

Fed hikes offer hope for people Investing in Gold

Potential Gold Investment opportunities for 2011 have received a boost with the suggestion that Federal Reserve activity could result in further falls in the value of the US dollar.

That is according to an article in ninemsn Money, which suggests that federal activity during the latter part of this year could destabilize the US currency and subsequently boost Gold Prices the year after.

It said: "With the Federal Reserve expected to start a program of rate hikes during the second half of this year, the broker still holds some hope that the greenback will remain structurally weak, which makes another fall in the US dollar during 2011 a possibility."

People considering Buying Gold can take further reassurance from the fact that Deutsche Bank, which has approximately 80,000 employees around the world and total assets of 2.02 trillion euros ($2.9 trillion), is said to view the gold and commodity sectors favorably, with the article labeling them the bank's "preferred" options.

Confirming the global view that Investing in Gold is a financially astute decision, are recent comments made in India's Economic Times.

Speaking to the news provider, Debjyoti Chatterjee of ADMISI Commodities, the Indian market commodity experts, said: "Currently a weaker dollar is helping gold, there is still more room left (in gold) on the upside."

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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.

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