Gold is one of the best hedges against inflation and investors are turning to gold bullion coins and bars as a safer asset for their money.
(PRWEB UK) 21 November 2012
Gold is set to remain high over the next few months as investors respond to events in the Middle East and await truce talks on the Gaza strip.
Exchange of fire between Palestinians and Israelis continued as US Secretary of State, Hilary Clinton, visited Jerusalem and held talks to try and reach a truce. If attempts to reach a cease fire fail, this is likely to further support gold’s appeal.
Other factors such as slower growth in China and looming US fiscal cliff talks, which are expected to lead to expected tax hikes and spending cuts, are also supporting gold prices. November to January is also seasonally strong for gold.
Spot gold was around $1,726.60 an ounce on Wednesday morning as investors turn to safer assets like gold as a hedge against inflation.
A spokesperson for Physical Gold said:
“A number of factors are contributing to gold prices remaining strong and continuing their hold for the next few months. Gold is one of the best hedges against inflation and investors are turning to gold bullion coins and bars as a safer asset for their money. As global economical issues continue to wage on, gold should remain strong as people move to protect their investment portfolio.”
Physical Gold is continuing to watch 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.