Gold News

Majority of industry figures bullish on gold prices in new poll

A new poll of senior figures in the financial sphere has revealed that the overwhelming majority believe that now is a perfect opportunity to buy gold, Bloomberg reports.

It was confirmed on Friday (December 15th) that 27 traders, investors and analysts from Mumbai to Chicago were questioned on December 11th and 12th for their views on the yellow metal.

The results show that a comprehensive 21 suggested that they are currently bullish on gold prices, while three claimed to be neutral on the issue and just three suggested selling at present.

The news may well alert anyone considering investing in gold, not least because the survey has proved to be accurate in 142 of 241 weeks, representing 59 per cent of the time.

Just a few weeks ago, the World Gold Council produced a report which revealed that gold demand hit record levels during the third quarter of 2008.

The body's manager of investment and marketing intelligence George Milling-Stanley has suggested that people are now starting to realise the value of making a gold investment.

"There is a growing awareness around the world among investors of the long-term strategic benefit that gold brings to a properly balanced investment portfolio," he commented.

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