Gold News

Bargain hunters Investing in Gold 'while prices are down'

Current Gold Prices are attracting more investment in the precious metal, it has been suggested.

The cost of Buying Gold is at a short-term low, according to Bloomberg, however that is only serving to encourage further demand, one expert has suggested.

Kate Harada, a trader with Mitsubishi Corp Futures & Securities in Tokyo, which had a JPY28.3 billion ($311 million) in total assets during the fiscal year 2008, said that low prices are causing more people to Invest in Gold.

"We're seeing some bargain-hunters active as physical buyers and that's supportive," she told the news provider.

"The dollar index is still the key," she added, alluding to the link that exists between currency and commodities including gold which are being used to hedge against potential drops in the value of the dollar.

However, anyone considering Investing in Gold may wish to do so directly and purchase bullion as personal property.

That is because the Guardian suggested yesterday (January 31st) that exchange-traded funds for gold and other commodities could come under increased scrutiny from regulators who fear they could be "the next financial bubble to burst".

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