Gold News

Gold Prices could be boosted by US dollar fluctuations

Gold Prices could be boosted by the US dollar in a number of different ways so long as the greenback remains weighted against the world's major currencies, it has been suggested.

According to Leslie Burton, an analyst at Chicago-based commodities futures broker Daniel Trading, many investors will be looking to Buy Gold as a safe haven against inflation in the medium to long-term future.

Writing on Inside Futures, she explained that many investors are turning to gold as they look to move their money away from "low-interest bearing" government bonds and other products that cannot match inflation.

She also noted that demand for physical Gold Investment has risen in India ahead of the country's wedding season.

Meanwhile, Eugen Weinberg, head of commodity research at Commerzbank AG, which is Germany's second largest bank and has nearly 45,000 employees around the world, has predicted that demand for Investment in Gold will "remain robust" at current prices.

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