Gold News

Gold Investment keeps prices hovering high

Gold Investment activity is a significant factor behind why Gold Prices are hovering near to their all-time high.

That is according to the Financial Times, which reveals that fear over the fortunes of alternative investments is making financiers a little jumpy and subsequently keener on purchasing gold.

The news provider said: "Gold remained above $1,200 an ounce on Friday morning, within shooting distance of its all-time high, as panicky investors sought safety in the yellow metal."

Meanwhile, BNP Paribas analyst Anne-Laure Tremblay has told Reuters that such safe haven demand will counter the gains the dollar is expected to make against the euro.

She told the news provider: "Going forward, a strengthening dollar should be counterbalanced by safe haven demand for gold, stemming from the current debt issues affecting the euro zone."

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