(PRWEB UK) 12 October 2012
Gold prices rose as predicted on Thursday, as the euro shrugged off a downgrade of Spain’s creditworthiness.
Experts say seasonal factors may have accounted for the previous decline as spot gold rose by 0.5% to $1,770.89 an ounce.
Experts say gold looks to take its cue from the US and the strength of their economic recovery and means for monetary policy.
Gold has emerged as one of the best performing commodities of the year, rising by 13% or $215 in 2012 so far, making $165 in gains in the last two months alone.
A spokesperson from Physical Gold said:
“Gold has enjoyed an amazing year and as predicted the recent drop in gold prices was very temporary. Like all commodities it is prone to enjoying highs and lows. Gold has predictable liquidity and as its gains this year have shown, is an effective and popular hedge against interest. With gold prices still predicted to raise more by the end of the year, investing in gold bullion coins and bars looks to be a sensible choice. ”
Physical Gold is continuing to follow these latest developments with interest.
Physical Gold Ltd is a leading UK gold dealer, helping investors diversify their portfolios with innovative investment solutions. Renowned for their ground breaking products such as the Sipp gold and Gold Accumulation Account, the firm specialise in providing customers with tailored assistance in sourcing the best gold for their personal requirements. Based in London, the team are BNTA accredited and have an unrivalled knowledge of the gold market as well as an exceptional understanding of the general financial markets.