Gold News

Gold Prices rise on 'fresh buying'

Gold Prices have risen in India off the back of new interest from speculative investors and a steadying global market.

That is according to the Economic Times, which also reveals that confidence among financiers over the precious metal has improved after the commodity reacted well to the recent declines in price.

The news provider states: "Gold prices rose … on fresh buying by speculators and firming global trend. Trading sentiment turned better after gold rebounded [from recent falls]."

Meanwhile, the Daily Telegraph has suggested that concerns over the way in which government's are handling their prospective debts are leading investors to buy into the safety of Gold Bullion.

The news provider states: "Fears that American, British and other governments intend to inflate their way off the rocks of excessive debt prompted record inflows into gold this week."

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