Gold News

Gold Bullion to 'retain its sheen'

Gold Bullion is expected to "retain its sheen" as prices benefit from the struggling US dollar.

That is according to NASDAQ, which suggests that the US economy and currency in relation to the euro is affecting Gold Prices.

Furthermore, increased investment interest from the east, namely China, is also having a positive impact on price.

NASDAQ states: "Gold is rising … as the greenback continues to slide against the euro. Moreover, many traders expect the yellow metal to retain its sheen as an alternative asset on buying interest from Chinese investors."

Meanwhile, Charles Gibson, head of mining at Edison Investment Research, one of Europe's leading independent investment research companies, told the Financial Times that he believed the Gold Prices would spike when inflation re-emerged.

He told the news provider that inflation is currently "sitting in the vaults of the central banks", before suggesting that it could spark another bull run.

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