Gold News

Gold 'guaranteed to shine in current climate'

Gold investments are likely to perform well amid the current climate of economic uncertainties prompted by rising inflation and governments reluctant to up rates.

This is according to Peter Cooper of Business 24/7, who said that only precious metals are "guaranteed to shine" in these circumstances and advised investors to buy gold as a result.

Those who believe the Federal Reserve may increase interest rates should think again, he asserted, stating: "Any increase in interest rates would crash the bond and stock markets.

"Indeed, it is far more likely that the pressure will come in the other direction, either this autumn or early next year."

The comments follow a number of predictions from analysts who say they believe gold prices will top $1,000 again in the near future - something that may indicate a need to invest in gold sooner rather than later.

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