Gold price dip 'not enough to eradicate gains'

The recent dip in gold prices has only served to take the edge off recent gains, it has been claimed.

According to the Age, last week's gold bullion falls did little more than "chip away at price rises that have been racked up recently".

It noted that gold has increased by 17.8 per cent this year alone, with a further gain of 50 per cent recorded for the last 12 months.

The dip follows predictions from some analysts that gold bullion will stay strong in the long-term following a short-term correction.

Frank Holmes, chief executive officer of US Global Investors, recently told MarketWatch that gold prices will hit the $2,000 an ounce mark following a near-term pullback.

Those investing in gold might want to note that Mr Holmes said he believes the yellow metal will remain on a long-term upward trend, despite any short-term dips in the market - and that investors should not be surprised when this happens.

Investing in Gold? For the cheapest, fastest & most secure route to solid Gold Investment simply register for a free, no-obligation account at BullionVault now...