Gold News

Gold Investment Bull Run 'likely to resume'

The global market for Gold Investment is likely to enjoy an upturn following recent volatility and will see Gold Prices hit $1,250 per ounce in the medium-term, it has been claimed.

According to Indian expert Priti Gupta, bargain hunters are on the look out for cheaper prices, with deflation in China serving to boost the appeal of the precious metal.

She wrote in the Financial Express: "Gold remains the hot topic everywhere and this is one asset which resurfaces whenever there is any economic uncertainty around the world."

Ms Gupta added that the short-term fall in Gold Prices following the revelation of Greece's debt problems has similarities with a fall in value that occurred in 2008.

Since then however, gold has been able to continue its long-term bull run, reaching record prices of more than $1,200 per ounce in December 2009.

Armoured Wolf chief investment officer John Brynjolfsson is even more bullish in his outlook on Gold Prices, recently suggesting they could soon reach new highs.

Speaking to Reuters, he said: "Gold is a crisis hedge ... we want to make sure we are positioned for gold trending toward $2,000 an ounce."

To Buy Gold today, avoiding wide spreads and storage costs – but still owning your physical Gold Bullion Investment outright with full legal title – be sure to visit BullionVault and claim a free gram of gold now...
ADNFCR-1047-ID-19619547-ADNFCR

See all articles by Gold Bug here.

Please Note: All articles published here are to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision you make will put your money at risk. Information or data included here may have already been overtaken by events – and must be verified elsewhere – should you choose to act on it. Please review our Terms & Conditions for accessing Gold News.

Follow Us

Facebook Youtube Twitter LinkedIn

 

 

Market Fundamentals