Gold News

Gold bull run predicted to continue

There is still plenty of time left before the current gold bull run comes to an end, it has been claimed.

Gold prices recently enjoyed a fresh high and with various factors aligning to keep the yellow metal strong - such as pressures on gold mining production and investors' need for a safe haven amid economic turmoil - it is likely that a "really good bull run" is in the offing, Jayant Manglik of Religare Commodities told CNBC-TV18.

A number of experts have predicted gold bullion to go higher in the longer-term, even if prices see periods of consolidation in the meantime.

For now, however, investors buying gold could still see significant gains if Mr Manglik's comments are anything to go by.

"Fundamentally, whether it is a weak US dollar or expectations of interest rate cut[s], fear of inflation or large amounts of investment money pouring into gold, it is a bull run all the way," he said.

A recent report from the World Gold Council suggested that the last three months of 2007 saw a record level of gold investment, equivalent to $8 billion in total.

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