Physical Gold Responds to Gold Price Rise

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Leading UK gold dealer, Physical Gold, has responded to gold prices rising by 2%.

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Gold seems to be making a good recovery and has made steady gains over the past week.

Gold prices rose by 2% on Monday, carrying on its rebound above $1,400 on ignited technical buying.

Experts believe that gold could find support from a rush in physical buying in Asia and other areas around the world. Last week saw shoppers in Asia making the most of lower gold prices and buying up jewellery.

Spot gold added $16.21 on Monday morning, reaching $1,420 an ounce, recovering from its previous lows of last week.

A spokesperson from Physical Gold said:

“Gold seems to be making a good recovery and has made steady gains over the past week. Lower prices have boosted demand once again and it will be interesting to see where gold goes next. Gold investment is far from over and remains a safe 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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