Physical Gold Responds to UBS Predicting Major Gold Rally for Q3

Share Article

Leading UK gold dealer, Physical Gold, has responded to comments from a UBS strategist on the future of gold.

News Image
With possible further quantitative easing as well as global economy issues, gold investment is likely to prove itself as a safe haven for investors and a good hedge against inflation.

Swiss bank UBS is predicting a bright future for gold and commodity strategist, Julien Garran, says that the precious metal is approaching ‘high noon’, reports Business Insider.

As the year moves closer to the middle of 2013, investors will need to make a decision about what they think the Federal Reserve is going to do in regards to quantitative easing in the second half of the year.

Garran wrote in a recent commodity report to clients: “The outlook for the rest of the year depends critically on whether the Fed 'blinks first' and stops QE, or whether the global economy 'blinks' and we see a slowdown in global growth momentum into 3Q13 while QE3 is continuing."

A spokesperson for Physical Gold said:

“Despite small price drops in the gold market recently, gold is still expected to regain its strength and continue to prove itself as an effective commodity. With possible further quantitative easing as well as global economy issues, gold investment is likely to prove itself as a safe haven for investors and a good hedge against inflation.”

Physical Gold is continuing to watch the marker 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.

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Dan Fisher
Visit website