(PRWEB UK) 29 April 2014
Following a week-long slump in gold prices which caused the spot-price per troy ounce of gold to plummet to a 6 week-low of £760.53, bullion price has rapidly rebounded and is set to climb higher.
The price of surged by almost 1% in just under one hour on Thursday afternoon, reversing all the previous week’s drop in bullion price. With geopolitical tensions continuing to rise between Russian and Ukrain and gold prices China’s continued expanding investment in gold, prices are set to rise according to experts.
”The World Gold council have estimated the Chinese demand for gold is set to increase by a further 20% by 2017. This huge and continued predicted demand for gold will drive prices higher,” says http://www.postalbullion.com ’s expert and Head of Dealings, James Leon.
Confirmation additionally comes from The World Gold Council who have confirmed that the demand for bullions, coins and jewellery jumped by 32%, largely due to the demand in Asia. This was agreeable with independent research conducted by the leading online bullion dealer, Postal Bullion; 39% of people involved in the survey now consider investing in gold, up from 21% only four months ago. Additionally, http://www.postalbullion.com has confirmed a four-fold increase in the number of 99.99% purity one ounce bullions purchased produced by British refinery Baird & Co.
Investors have been growing and diversifying their portfolios by taking advantage of the record low billion and silver prices. Silver is currently trading at a near three year low of £11.66 per troy ounce.