Physical Gold Responds to Predictions for Gold Investment

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Leading UK gold dealer, Physical Gold, has responded to the latest predictions for how the gold investment market will fare this year.

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Renewed investment is expected to push gold back up to over $1,800 before the end of the year.

Gold prices rose 1.7% ($26.45) on Friday, in its biggest one day gain since November following disappointing jobs data from the US.

While investors are watching the recovery progress of the US economy closely to see where gold could end up next, there are other geopolitical uncertainties also supporting the precious metal.

On Thursday, the Bank of Japan announced its plans to pump large amounts of money into the financial system to boost lending and kick start growth. The banks wants to double the money supply and push inflation to over 2% over the next two years.

Monetary easing from the Bank of Japan, US Federal Reserve and European Central Bank have pushed up the price of gold in recent years, and remains a key support of gold.

Renewed investment is expected to push gold back up to over $1,800 before the end of the year.

A spokesperson from Physical Gold said:

“With the global economy still making attempts to recover and key economies keeping up monetary easing policies, gold should still be supported for the time being. With gold expected to reach $1,800 before the end of the year, gold investment remains a sensible option as a 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.

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Dan Fisher
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