(PRWEB UK) 10 October 2012
Gold experts have wrote off falling gold prices this week as temporary, claiming that gold is still on track despite the US dollar gaining strength. They added that gold is still likely to be a prime beneficiary of massive monetary easing policies at central banks around the world.
Gold prices have already risen by 13 per cent so far this year, and are still close to the 11 month high that was reached on Friday. This week, experts predicted a 7-10% growth in investment for the October to December quarter and that demand for gold bullion coins and bars is expected to grow by 10%.
A spokesperson from Physical Gold said:
“Despite a fall in gold prices this week, gold has a positive quarter predicted and is expected to benefit from upcoming policies by central banks. Lower prices usually attract new demand, which should fuel gold prices higher once again. Gold has had a fantastic few weeks and these latest developments shouldn’t cause too much concern.”
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.