Gold News

Gold Prices 'buck metal trend'

Gold Prices have bucked the general trend among metals and enjoyed an aggregate rise in recent days.

That is according to the Associated Press, which reveals that the precious metal is performing well in comparison to other commodities and, rather unusually, increasing in value alongside the US dollar.

The news provider states: "Gold rose … bucking a trend among other metals, as investors view the metal for its value as a safe investment during a volatile trading period."

Meanhile, Wong Eng Soon, an investment analyst at Phillip Futures in Singapore, said that increasing Gold Prices could herald a period of diminished investor demand as people become more reluctant to buy.

Soon told the Economic Times: "When prices are higher, the physical buying is slow. Maybe it's more of investment buying. That's why we can see the SPDR gold trust moving up quite high."

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