Gold News

Gold Bullion 'holds value' in uncertain times

Gold Bullion has been championed as a solid investment in times of economic uncertainty.

Tom Hartman, broker with Altavest Worldwide Trading, the global commodities brokerage firm, said that the precious metal offered investors a safe haven during periods of fluctuating dollar strength, according to Reuters.

He told the news provider: "People are watching the currencies and what is happening with the dollar. [Gold] is holding, and I think that's what people look to gold for as a place holder ... it's going to hold its value in times of uncertainty."

As well as watching currency fluctuations, investors are also keeping an eye on Gold Price variances, with the Economic Times reporting that commodity traders in India are reacting to price drops by Buying Gold at "bargain prices".

The news provider suggests that bargain hunting is lifting the precious metal, following its recent fall to a monthly low.

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