It looks to be a beneficial quarter for gold investment, with demand for gold bullion growing.
(PRWEB UK) 8 October 2012
Gold experts are predicting that investment in gold exchange traded funds is set to increase over 7%, compared to a 5% growth in the last quarter. The news follows gold prices hitting an 11 month high on Friday, with spot gold hitting $1,795.69 an ounce.
Bullion dealers and jewellers have said that demand for gold bullion coins and bars is expected to grow by 10% in third quarter of FY13.
Due to a rally in gold prices, the market has seen investors that have previously shied away from gold investment, return to the market in the last four to five days.
A spokesperson from Physical Gold said:
“It looks to be a beneficial quarter for gold investment, with demand for gold bullion growing. It seems more and more investors are looking to gold as a safe investment. The market for gold in the next couple of months looks positive with expected rises in gold prices as central banks introduce monetary easing measures.”
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.