Gold News

Gold Prices to enjoy "strong rally" by end of 2009

An analyst at VTB Capital has claimed today (June 17th) that he expects Gold Prices to embark on another "strong rally" at the end of this year.

Gold has showed signs of its volatility in recent months, pushing past $1,000 per ounce in February and threatening that level again this month, only to fall back on both occasions.

However, Andrey Kryuchenkov from the London-based firm explained that Gold Investment could be buoyed by G8 finance ministers' admission that they will cut back fiscal stimulus policies as soon as economic growth returns.

"Provided this talk from policy makers intensifies towards the end of the year, we might see another strong rally in gold," he told the Daily Resource.

"Your average investor knows that G8 finance ministers are already pondering rising inflation."

Those comments were echoed last week by Options Xpress futures analyst Rob Kurzatkowski, who explained that investment demand for gold is returning as inflation is expected to re-appear with a vengeance.

"The positive inflation outlook is still supporting the market," he told Reuters.

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