Gold Investment to remain strong due to low supply
A leading industry analyst has revealed that he believes diminishing global gold mine returns will underpin a continuance in Gold Price rises.
Writing for Forbes India, Evy Hambro, managing director and portfolio manager with the natural resources team at Blackrock Mutual Fund, says that reduced supplies in conjunction with weakened economies has created attractive Gold Investment opportunities.
He said: "Market fundamentals suggest that Gold Prices could continue to trend higher from here.
"The financial crisis has accelerated an already existing upward trend which is supported by favorable supply-demand fundamentals."
Mr Hambro went on to say that he could see "no net increase in gold mine supply over the next five years" and that he expected mine production to continue to wane.
Suggestions of a continuance in the record Bull Run were afforded credibility with the news that Gold Prices have risen in India, along with a number of other commodities, according to the Economic Times.
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