Gold News

Gold Bullion will maintain 'safe-haven status'

Gold Bullion will continue to offer buyers a safe haven for their investments, it has been suggested.

Walter de Wet, an analyst at Standard Bank, has said that the precious metal will maintain its safe-haven lure as a result of the unstable euro and remain a sought-after option among investors looking for security in their portfolio.

He told Reuters: "Problems in the euro area should continue to provide some support [to Gold Prices]; these debt problems are not going to go away overnight. Gold will continue to have this increased safe-haven status."

MarketWatch has also recently hailed Gold Bullion as a form of financial protection, revealing that recent market activity indicated that there are a number of financiers who view the precious metal as a safety net.

The news provider said: "Recent gold offerings from David Einhorn's Greenlight Capital hedge-fund firm attracted more than $130 million, a sign some sophisticated investors are still looking for this type of inflation protection."

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