'Significant increase' in Gold Investment expected
A leading industry analyst has revealed that he expects to see a "significant increase" in Gold Investment during 2010.
Douglas Hepworth, director of research at New York's Gresham Investment Management LLC, said that commodity prices, including Gold Prices, will rise as a result of investors looking to spread risk away from alternatives such as equities, according to Reuters.
He said: "There is going to be a very significant increase in the investment in commodities in 2010 - at a similar rate to 2009.
"We are seeing a lot of interest in commodities. Last year was a big inflow year and we have not seen interest abate. It seems to be increasing."
He went on to say that "very strong momentum is intact" within the commodities sector.
Backing up Mr Hepworth's predicitons of Gold Investment rises in 2010, Eamon Porter, principal at Scottish Company Aspire Wealth Management, revealed that investment demand could rise if the US dollar continued to struggle, with many viewing the precious metal as a safe haven.
He told the Irish Independent: "Leaving aside consumer-led demand for jewelry and specialist electronic components, many investors look at gold as a hedge against the dollar."
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