Physical Gold Responds to Gold Rebounding

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Leading UK gold dealer, Physical Gold, has responded to gold rebounding from its previous low.

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Investors are ready for sluggish growth in the euro area as well as ongoing monetary policy easing in the US and Japan.

Gold has rebounded from a low earlier in the week, as European shares sank by over 1% on Wednesday.

Investors are ready for sluggish growth in the euro area as well as ongoing monetary policy easing in the US and Japan.

Gold jumped over 1% to hit a high of $1,381.80 an ounce at prospects of further monetary stimulus.

Gold was also bolstered by concern over the International Monetary Fund trimming its growth forecast on Tuesday for the world economy for this year and next to reflect government spending cuts in the US, monetary expansion in Japan and the recession struggles in Europe.

A spokesperson from Physical Gold said:

“While a fall in gold prices may have worried some investors, gold has shown the ability time and time again to bounce back. With a number of factors affecting the world economy, particularly in Europe, gold investment remains a reliable insurance.”

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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