Gold News

Gold Prices rising

Gold Prices have risen significantly over the past six weeks, with further gains expected over the next six months.

Fund Strategy reveals that Gold Prices have increased markedly since the beginning of last month, with some experts suggesting such a trend will continue.

The news provider writes: "Since April 1st the nominal Gold Price in euro terms has risen from €850 per ounce to €950 because of a weakening euro and stronger demand for gold. Likewise, Gold Prices in sterling terms have risen to record highs."

Ian Williams, the manager of the Way Charteris Gold fund, expects the precious metal to increase from $1,200 to $1,500 over the next half year. He believes that within 12 months, Gold Prices could have risen to $1,700.

Meanwhile, the Financial Express reports that Gold Prices in India rose on purchases from bargain-hunters.

The news provider said: "Gold Prices surged to a five-month high by touching Rs 18,000 per ten gram in futures trading on Friday on brisk buying by speculators, tracking a firming global trend on weaker dollar."

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