Gold News

Gold offers safe haven against hung Parliament

Gold Investment could offer savers financial security ahead of the general election, it has been suggested.

That is according to an articles in the Daily Telegraph, which suggests that gold is being used by some people as a hedge against no party winning an absolute majority on May 6th.

The news provider said: "Savers worried about … the political risk of a hung Parliament are seeking a safe haven in gold.

"Bullion … has delivered much better returns than shares during the last decade – and has a history of doing particularly well in election years."

Meanwhile, New Gold Inc's sales have reportedly risen significantly, perhaps indicating that investor demand is picking up – a trend which could serve to increase the average price of the precious metal.

Reuters reported: "New Gold Inc … said gold sales increased 44 per cent in the first quarter and reaffirmed 2010 production outlook."

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