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."

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