Gold News

Gold Prices 'to continue rising'

Gold Prices are likely to continue on the meteoric rise which has seen them post new highs in dollar, euro and pound terms since the end of last year.

That is according to reputed analyst Jim Rogers, who believes that demand for Buying Gold will push its value higher.

In an interview with Bloomberg TV, the world-renowned expert and co-founder of the Quantum Fund, said that commodities such as gold have great potential for long-term price rises.

"I expect gold to go much higher during the course of the bull market," he added, suggesting it will likely continue to increase in value for at least the next ten years.

Meanwhile, the Hong Kong branch of Dutch bank Fortis Nederland NV, believes that even if gold prices fall in the short term, they will continue rising for those who are patient.

Speaking to Bloomberg, the firm's head of precious metals Wallace Ng, said that gold is still tracking an inverse relationship with the dollar, which has picked up in recent weeks.

"That doesn't mean the trend [for upwards growth] has changed. The retreat in metals is viewed as a temporary correction," he told the provider.

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