Gold has remained strong the past couple of years off the back of monetary easing policies in key economies.
(PRWEB UK) 8 March 2013
Gold investors and analysts are awaiting the US job market report to be published today, revealing the results of February’s non-farm payroll numbers.
The results of the report are expected to influence what the US Federal Reserve will do next in terms of monetary easing. If the data is weak, it is expected to fuel the continuation of monetary easing policy for the country.
If the Federal Reserve decides to continue monetary easing, gold is expected to benefit as investors turn to the commodity to hedge against inflation.
Spot gold was at $1,578.36 an ounce on Friday morning, as investors awaited the report.
A spokesperson for Physical Gold said:
“Gold has remained strong the past couple of years off the back of monetary easing policies in key economies. As a hedge against inflation, gold investment is a safe haven for savers as it tends to hold its value over time while monetary easing can devalue paper currencies.”
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.