The lower prices we recently had have attracted new demand as bargain hunters took advantage, which has fueled price increases once again.
(PRWEB UK) 18 February 2013
Gold prices have risen once again as bargain hunters took advantage of cheaper prices late last week, reports news source Reuters.
The market was also helped by buyers in China returning to the market after the lunar New Year.
Gold rose 0.5% to $1,616.35 on Monday morning, after falling on Friday.
A spokesperson from Physical Gold said:
“Gold has low volatility as there is a finite supply of gold on the market, meaning that the price rises when demand increases. The lower prices we recently had have attracted new demand as bargain hunters took advantage, which has fueled price increases once again.
“With continuing uncertainty about the economy, gold investment should remain an attractive option for investors to hedge against inflation.”
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.