WGC expands New York Gold Investment team

The World Gold Council (WGC) announced yesterday (August 3rd) that it has expanded its New York-based Gold Investment team by appointing Juan Carlos Artigas.

Mr. Artigas, who was previously working as an associate at JP Morgan Securities, will join the marketing organization to take up the role of investment research manager.

Markus Grubb, managing director of investment research and marketing at the WGC, explained that an increased workforce is vital at a time when Gold Investment is proving so popular.

He said: "As gold continues to prove its worth as a unique preserver of wealth, one of [the] World Gold Council's missions is to ensure that gold's unique investment attributes are well understood.

"Our research provides an invaluable source of information about the strategic case for gold investment, particularly in the context of a highly changeable and uncertain financial market."

Meanwhile, Donald W Doyle, chairman of leading coin dealers Blanchard and Co, has outlined a positive view of the future path of gold prices.

He explained that demand is underpinning the yellow metal's resilience and should provide a platform for it to move higher in the coming months.

"The fundamentals for gold, and particularly investment demand, are very strong," he said in an interview with Mineweb.

"Sales of gold by the US Mint, which have always been a good proxy for US investment demand, are approaching those of all of 2008 - a banner year for gold - and it's only the beginning of August."

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