(PRWEB UK) 12 November 2012
Gold reached a three week high of $1,738 on Friday November 9, as investors responded to worries the US could return to recession if congress fails to reach a deficit reduction deal.
Gold prices managed to keep near Friday’s high over the weekend with the precious metal at $1,734.10 during early trading on Monday November 12.
Bullion looks to benefit from the possibility of negative real interest rates and longer term inflationary risks, experts predict.
A spokesperson from Physical Gold said:
“As predicted, gold prices have reached impressive highs once again with fears for the US economy. Gold investment is a safe hedge against inflation, and often experiences boosts during times of economic uncertainty. With the global financial crisis continuing, savers and investors are turning to gold bullion bars and coins as a reliable store of wealth, to protect the value of their money.”
Physical Gold is continuing to watch these latest developments with interest.
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.