Gold News

Gold Bullion 'stampede' to continue in 2010

Gold Investment will pick up again later this year regardless of the recent slowdown in the nine-year Bull Run.

That is according to Reuters, which suggests that while demand for Gold Bullion has cooled in recent months, it will pick up again before the end of the year.

Central to the rise in Gold Investment are the surrounding economic circumstances, and the public's perception and acknowledgement of them.

The news agency states: "The stampede to gold is likely to resume later this year, when tighter monetary and fiscal policy to rein in potential inflation and government deficits respectively reinforce fears of financial, political and economic instability."

Such assertions are supported by Bradley George and Daniel Sacks, co-portfolio managers of the Investec Global Gold Fund, who expect that Gold Prices could reach $1,300 an ounce in 2010.

Writing for the Telegraph, they said: "We believe that the degree of investment demand is likely to force a peak that is nearer $1,300 per ounce over the next six months with $1,000 an ounce becoming the long-term floor."

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