Gold News

Gold Investment to increase on 'weak equity performance'

A leading investment bank has today (March 6th) suggested that Gold Investment will continue to rise in the coming weeks and months, Bloomberg reports.

Marketing body the World Gold Council revealed recently that investment in the yellow metal increased by 26 percent on a year-on-year basis during the fourth quarter of 2008.

Now a team of analysts at Morgan Stanley, led by Hussein Allidina, has explained in a new report that the ongoing effects of the financial crisis are likely to benefit people Investing in Gold.

Mr. Allidina is quoted by the news provider as saying: "We still expect market conditions to favor gold prices, given uncertainty in both global and financial markets.

"Weaker equity performance will likely encourage further gold investment."

Those sentiments were strongly echoed last week by VM Group analyst Matthew Turner, who expressed his belief that concerns over the state of the economy are likely to continue boosting gold.

"The weakening dollar will be based on fears of even more money being pumped into the economy, which is positive for gold," he told Reuters.

Looking to Buy Gold today? For direct access to live Gold Market prices - and to save up to 80 percent compared with coin dealers' fees - click through to BullionVault now...

BullionVault-cube-19062525-ADNFCR

See all articles by Gold Bug here.

Please Note: All articles published here are to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision you make will put your money at risk. Information or data included here may have already been overtaken by events – and must be verified elsewhere – should you choose to act on it. Please review our Terms & Conditions for accessing Gold News.

Follow Us

Facebook Youtube Twitter LinkedIn

 

 

Market Fundamentals