Gold News

Gold Investment to be fuelled by double-dip recession?

Gold Investment in 2010 could be fuelled by consumer fears of a double-dip recession, it has been suggested.

According to GFMS, the precious metals consultancy and research company, Gold Investment interest could be impacted by the safe haven qualities it offers in times of economic uncertainty.

It said: "Investor demand will be driven by fears of a double dip recession, continuing huge government deficits, very loose monetary policy and a belief that notable, if not runaway, inflation is set to return."

The company added that as a result of the expectant Gold Investment surge, Gold Prices could rise to "fresh records".

The potential for price rises was also recently championed by Andrey Kryuchenkov, an analyst at VTB Capital, which has offices in London, Moscow, Dubai and Singapore, who told Bloomberg: "Fears of dollar inflation and improving jewelry demand could still support [gold] prices this year."

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