Gold News

Spot Gold Prices reach four-month high

Spot Gold Prices may have just reached their highest level in four months, but further increases could be just around the corner.

That is according to one analyst, who expects the value of Gold Investment to carry on rising beyond the $1,168.70 per ounce spot price reached in Asia and Europe on Monday.

Rising demand for Buying Gold was triggered by a rally in the strength of the euro and increased investment demand, with many investors continue Invest in Gold as a hedge against feared currency weakness.

Speaking to Reuters, Yuichi Ikemizu, Tokyo branch manager for Standard Bank, which is one of South Africa's largest financial groups and has interests in almost 40 countries around the world, expressed the case for continued Gold Investment.

He told the news provider: "The market is technically bullish and that may spur fund buying, so I expect a bit more upside for gold."

Mr Ikemizu's comments came as commodity trading expert Jim Rogers, who has published several books on investment, told Bloomberg that he expects Gold Prices to continue rising.

He told the channel that gold will continue to grow in value for years to come, likely exceeding $2,000 per ounce by the end of the decade.

To Buy Gold today, avoiding wide spreads and storage costs – but still owning your physical Gold Bullion Investment outright with full legal title – be sure to visit BullionVault and claim a free gram of gold now...


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