Physical Gold Responds to Rising Gold Prices Due to Challenging Global Economic Climate

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Leading UK gold dealer, Physical Gold, has responded to rising gold prices pushed higher by multiple global factors.

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It’s encouraging to see that gold looks set to have another good year in 2013, as world economic issues show little sign of easing.

Gold prices rose once again on Monday in response to the looming US fiscal cliff and rising tensions in the Middle East, as well as Eurozone debt problems.

Gold went up by 0.6% to $1,723.10 an ounce on Monday morning, in anticipation of the US fiscal talks which are predicted to support gold.

The World Gold Council issued a recent report that says global gold demand is reflecting the challenging global economic climate.

The future for gold investment looks positive, with the London Bullion Metal Association (LBMA) predicting that gold bullion will reach $1,843 an ounce by September 2013.

A spokesperson from Physical Gold said:

“There are multiple global factors that are currently benefitting gold prices at the moment. Many investors are turning to gold bullion bars and coins to protect their assets in response to these. It’s encouraging to see that gold looks set to have another good year in 2013, as world economic issues show little sign of easing.”

Physical Gold is watching these latest gold 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.

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Dan Fisher
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