(PRWEB UK) 4 February 2013
American global bank, Morgan Stanley, has predicted that gold will continue to rally this year and into 2014.
They predict that US Federal Reserve policy makers are likely to maintain asset purchases for two more years to support recovery of the economy and that gold may average at $1,830 an ounce in the final quarter, supported by investment and central bank buying.
Morgan Stanley said in the report: “We expect that very low nominal interest rates, an ongoing commitment to QE3 and a below-par recovery with attendant pressure on the dollar will still combine to encourage investment buying of gold.”
A spokesperson from Physical Gold said:
“This is encouraging news about the future of gold and gold investment. Gold has made gains for the past twelve years and could continue this successful run. Gold holds many benefits for investors and provides good balance to a portfolio, so is well worth considering as an investment choice.”
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.