Gold News

Gold Prices offer 'fantastic' opportunity for buyers

A leading industry analyst has insisted that current Gold Prices offer potential buyers a great investment opportunity.

Afshin Nabavi, a senior vice president at bullion refiner MKS Finance SA in Geneva, said that a trend in the physical market in conjunction with a slight reduction in dollar valuation has impacted the attractiveness of Buying Gold, reports Bloomberg.

He told the news provider: "We had a lot of pressure on gold, and … we've seen some physical demand. The physical market thinks these prices are fantastic to buy at. The dollar is also a little bit lower."

The potential for Investing in Gold has been given a further boost with news that Lihir Gold, a global gold company, has predicted an output reduction of approximately 15 per cent over the next couple of years.

Provided demand remains constant, a fall in gold mine output could result in an increase in Gold Prices as supply levels diminish.

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