(PRWEB UK) 5 October 2012
Gold prices have hit an 11 month high, as gold entered its fifth day of gains on Friday and spot gold enjoyed an 11 month high of $1,795.69 an ounce.
Gold is experiencing impressive gains, as investors look to gold as an inflation hedge following stimulus measures from major central banks. The European central bank kept interest rates unchanged as they announced they were ready to buy government bonds of debt laden nations, triggering a rally in the euro and pushing gold closer to $1,800.
There is likely to be further gain as other central banks, including China, are expected to follow in the footsteps of the European Central Bank, Federal Reserve and Bank of Japan by introducing monetary easing measures to help stalled growth.
As there looks to be no end to the gold rush, more and more investors are expected to be considering gold bullion as a hedge against inflation.
A spokesperson from Physical Gold said:
“The recent impressive gains we’ve seen for gold just go to prove that gold investment is a viable option for many to protect their assets. By investing their savings in gold bullion coins and bars, they protect the value of their money as well as see a beneficial return.”
Physical Gold is continuing to watch 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.