Strong Gold Investment demand 'to continue'

A senior figure at the World Gold Council (WGC) has suggested today (February 18th) that Gold Investment will continue to be strong as the economy struggles, Dow Jones reports.

There has been a steady flow of money into the yellow metal in recent months, which has led to forecasts that the Gold Price will soon top its record high of £1,033 per ounce.

Now George Milling-Stanley, official-sector director at the WGC, has explained that this trend is likely to persist as concerns grow over the state of the future economic landscape.

He told the news provider: "We're looking for continued strong investment demand ... for as long as the economy remains in pretty dire circumstances."

Mr. Milling-Stanley's comments come after Angus Murray, founder of Castlestone Management, explained last week that investors are wary of the threat of inflation.

"People need a real asset to offset inflation," he told Reuters.

"Investors are putting gold into their portfolios as an insurance policy. In 24 or 36 months time, gold will be higher by a minimum of the growth rate in money supply."

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