Gold News

Market offers 'powerful' Gold Investment incentives

The commodities market will offer investors a "powerful" opportunity to make money this year, it has been suggested.

Philip Klapwijk, chairman of international precious metals consultancy GFMS, believes that 2010 will see a great deal of activity in the market; a fact that could encourage potential yellow metal investors, according to Gold Alert.

He told the news provider: "The incentives to Invest in Gold should therefore be powerful this year. We sense that there is a large amount of money poised to enter the gold market in 2010."

Meanwhile, Michael Jansen, metals strategist at JPMorgan, said that gold market would benefit most from weakened currencies in Britain and the Euro zone, reports the Financial Times.

He told the news provider: "The most bullish case for gold is against the euro and sterling, where the underlying sovereign credit risks are likely to deliver outsized gains [for bullion]."

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