Gold News

Investors still Buying Gold 'for its safe-haven qualities'

CPM Group precious metals analyst Carlos Sanchez explained yesterday (June 4th) that investors are still looking to Buy Gold for its safe-haven qualities.

Some market commentators have confidently predicted recently that the worst of the economic crisis is now over and that a gradual recovery has already begun.

However, Mr. Sanchez explained that Gold Investment is remaining popular as others are unconvinced about the state of the economy and have concerns over geopolitical tensions.

"With continued economic weakness across the board, there's a lot of uncertainty about what's going to happen," he said in an interview with CNNMoney.

"There are major problems going on right now. In times like this, you have investors rushing towards safe-haven assets like gold."

Mr. Sanchez's view was backed up last week by a group of analysts - led by Gayle Berry - from Barclays Capital, the investment banking arm of the UK's second-largest bank.

"Beyond short-term corrections, investor sentiment remains positive and a weaker dollar combined with expectations for a build in inflation are likely to spur investors to increase their exposure to gold," they said in a report quoted by Reuters.

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