Gold News

Gold Investment demand to 'remain strong' in 2010

Gold Investment is expected to remain strong throughout 2010, according to a number of analysts.

It has been widely suggested that a number of the factors behind the yellow metal's bull market remain in place, and as such, investment has every chance of continuing at similar levels.

Indian Express suggests that Gold Prices could quite possibly follow on from the 25 percent increased experienced last year.

The World Gold Council stated that factors such as uncertainty around the dollar could create an environment suitable for gold price gains.

It said: "We expect absolute levels of investment demand in gold to remain strong, supported by continued economic and currency uncertainty, especially fears about future inflation, emanating from rapid money supply growth, and dollar weakness."

It was recently suggested by Stephen Platt, a commodity analyst at Archer Financial Services Inc., Chicago, that gold investment could even benefit from drops in overall prices.

He made his comments following the recent fall in gold prices – the first time the precious metal had dropped below $1,100 since November 10th.
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