Thursday, January 5, 2012

#Gold prices benefit from #Eurozone and #Iran crises

XCSFDHG46767FHJHJF

min2664 Gold is again the safe haven of choice for investors after falling almost 19% in the last quarter of 2011. With the deepening debt crisis in Europe and increasing tensions over Iran, almost half of 22 gold traders surveyed by Bloomberg expect gold prices to gain next week. According to Bloomberg, investors are also holding a near-record amount of gold through exchange-traded products after gold prices rose for an 11th consecutive year. With escalating economic and geopolitical risks supporting gold, investors look to be sitting pretty on their bullion hoard, which rose 10% last year against the 1.2% decline in the Standard & Poor’s GSCI Total Return Index of 24 commodities. Exchange-traded products are also shaping up to be the ideal strategy for investors to gain exposure and benefit from the upsurge in gold demand. Learn more about how to invest in gold and other precious metals at Commodities Week Asia 2012 , the leading platform for Asian commodity investors, from speakers such as Peregrine Cust, CIO of Prana Capital; Arno Pilz, Head of Metals Trading of Duet Commodities Fund; Peter Schwendner, Partner of Fortinbras Asset Management; Shayne McGuire, Head of Global Research and Portfolio Manager, GBI Precious Metals Fund of Teachers Retirement System of Texas; and Frank Holmes, CEO and CIO of US Global Investors.



No comments:

Post a Comment

LinkWithin

Related Posts Plugin for WordPress, Blogger...