Gold News

Gold Prices to rise 'for years to come'

JP Morgan analyst Steve Shepherd has suggested that Gold Prices could continue to rise for years to come, the FP Trading Desk reports.

Investors have been buying into the yellow metal in huge volumes since the start of the credit crunch as they look for a safe place to put their money when other assets are floundering.

Now Mr. Shepherd has explained in a note to clients that decreasing mining production and central bank sales should keep appetite for Gold Investment high for a considerable length of time.

He was quoted by the news provider as writing: "We expect increased investment demand to make up for any losses from traditional jewelry markets in India, China and the Middle East to underpin gold prices."

That view was also expressed recently by Seoul-based firm Kyobo Securities, which claimed that inflation seem likely to make a strong return, thus increasing the hedge appeal of gold.

"Gold prices could continue to rise for some time,'' it said in a new report quoted by the Korea Times.

How best to Buy Gold today? "If there's an easier route to buying investment gold, I have not found it," says one BullionVault customer. Find out for yourself and start Investing in Gold here...


See all articles by Gold Bug here.

Please Note: All articles published here are to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision you make will put your money at risk. Information or data included here may have already been overtaken by events – and must be verified elsewhere – should you choose to act on it. Please review our Terms & Conditions for accessing Gold News.

Follow Us

Facebook Youtube Twitter LinkedIn



Market Fundamentals