Renowned for their keen interest in industry updates and developments, the team at Physical Gold received the recent news with great interest
(PRWEB UK) 13 September 2012
Following the ECB’s decision to launch a new bond buying programme, entitled Outright Monetary Transactions, gold prices experienced a rise of 4.5% during the month of August. The yellow metal is expected to cross $1800/oz by the end of 2012 according to industry experts at Thomson Reuters GFMS. It has been suggested that an increasing loss of faith in currencies is fuelling inflationary fears, in turn leading to particularly low interest rates across many developed economies. This feeling appears to be encouraging a number of investors to opt for gold as a safe investment option that can provide a reasonable return.
Global head of metal analytics at GFMS, Philip Klapwijk is optimistic about the future of gold investment.
“I think were on pretty safe ground saying that we’ve already seen the lows for the year and that firmer prices, particularly towards year-end, are on the cards,” Mr Klapwijk explains.
Renowned for their keen interest in industry updates and developments, the gold dealers at Physical Gold received the recent news with great interest. A representative from the company shares their expectations for the year:
“What’s interesting is that further data on the subject, compiled by Bloomberg, shows that September and November are traditionally the best months to make money in gold. It is certainly an industry which is affected by seasonal weaknesses, so now that the summer has passed we may begin to notice a rise.”
Physical Gold look forward to researching this issue further.
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 unrivaled knowledge of the gold market as well as an exceptional understanding of the general financial markets.