Gold News

Gold Investment still being favored, says analyst

A senior figure at Mitsubishi Corp Futures and Securities claimed today (August 24th) that Gold Investment is retaining its appeal in the current economic climate.

The yellow metal has embarked on a number of small movements in both directions in recent weeks, perhaps dispelling some observers' theory that trading is muted during the summer months.

However, Shuji Sugata, manager of the research team at Mitsubishi, explained in an interview with Reuters that interest in Investing in Gold remains strong for a number of classic reasons.

He told the news provider: "Gold maintains its traditional role as an asset to avoid risks like, for example, a weak dollar, inflation and volatility in equity markets."

People with a gold investment were also handed some positive news last week by Walter de Wet, an analyst at Standard Bank, which is the largest bank in Africa.

Speaking to Reuters, Mr. De Wet particularly highlighted the metal's ability to provide a hedge against inflation.

"The longer-term expectations are still in the market that inflation could rise," he told the news provider.

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