(PRWEB UK) 7 January 2013
Spot gold was up to $1,657.60 an ounce on Monday, as weak US jobs data supported expectations for continued monetary easing from the Federal Reserve.
The unemployment rate remained at 7.8% in December, which could lead to the US Federal Reserve maintaining their monetary stimulus as a result.
Gold investment is being supported by these predictions of further monetary easing as investors look for a hedge against inflation from central bank cash printing.
A spokesperson from Physical Gold said:
“Gold investment looks set to benefit again from fragile economic recovery in the US. With monetary easing in the US now expected to continue off the back of this jobs data, we can expect gold to continue its rise as investors look to protect the value of their assets.
“With gold experts predicting the precious metal could reach around $1,800 or even $1,900 in the first half of the year, now is a good time to invest in gold.”
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.