Gold News

Inflationary pressures 'raising demand for Gold Investment'

More people are Investing in Gold as a result of speculation over the long-term effects of inflation in global economies.

That is according to a trader from Seoul's Hyundai Futures Co, who told Bloomberg that the chances are high there will be further "upward momentum" in demand for Gold Investment.

Steve Chun was quoted by the publication as stating: "Investor demand is very strong as an improvement in the global economy raises the prospect of inflation."

His comments come as gold enjoyed a fifth weekly advance, its best performance since the end of 2007.

A similar sentiment was expressed last week by Mick Gilligan, head of research at investment advisory agency Killik.

He explained in an interview with the Daily Telegraph that inflationary pressures will make Investing in Gold a solid choice years down the line.

"Gold has always been seen as an insurance policy against inflation, as it tends to keep its value when dollars, pounds or euros are losing their buying power in real terms," he said.

"We are looking at years, not months but there are real fears inflation will be an issue again."

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