Physical Gold Respond to Gold Heading for Second Weekly Gain

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Leading UK gold dealer, Physical Gold, has respond to news that gold is heading for its second weekly gain.

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Gold has fared impressively well over the past few years as key economies across the world opted to introduce quantitative easing to combat their struggling economies.

Gold is heading for its second weekly gain as investors decided to remain loyal to the precious metal to counter-act quantitative easing measures in key economies and lurking risks in the euro zone.

Gold prices were hovering around $1,590 an ounce on Friday, as investors took measures to hedge against rising inflation outlook and economic distress.

The value of paper money is diminishing as a global trend, attracting more investors to gold to protect the value of their assets.

A spokesperson from Physical Gold said:

“Gold has fared impressively well over the past few years as key economies across the world opted to introduce quantitative easing to combat their struggling economies. Printing money often links to the diminishing of paper currencies and in order to protect the value of their money, gold investment is an attractive option.

“While the US economy looks to be recovering somewhat, there are still worries about the euro zone crisis. Gold remains a safe hedge for the time being.”

Physical Gold is continuing to watch these developments 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.

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Dan Fisher
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