Gold News

Gold prices 'will go up'

Investors wondering whether their gold holdings will increase in value might be interested to read that a growing number of experts believe this will be the case.

Walter De Wet, analyst at Standard Bank, has affirmed that he believes the yellow metal will definitely rise in the longer-term, although the path to $1,000 an ounce may not be smooth, Reuters reports.

"Longer-term, gold is going to go up. The $1,000 level is a strong resistance level and the metal might make one or two attempts before it breaks it," he remarked.

The comments came after the Prospectors & Developers Association of Canada conference opened with a raft of bullish predictions on the future of gold bullion based on factors such as mining supply and geopolitical activity.

Brad Baker of Rainy River Resources claimed that there is a case for gold even reaching the $2,000 an ounce mark, the Financial Post reports.

Looking to Buy Gold today? For direct access to live Gold Market prices - and to save up to 80% compared with coin dealers' fees - click through to BullionVault now...


See all articles by Gold Bug here.

Please Note: All articles published here are to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision you make will put your money at risk. Information or data included here may have already been overtaken by events – and must be verified elsewhere – should you choose to act on it. Please review our Terms & Conditions for accessing Gold News.

Follow Us

Facebook Youtube Twitter LinkedIn



Market Fundamentals