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26

Increasing gold demand predicted for the whole 2010 year

There is set to be an increased investment demand for gold during the coming year, one expert has advised.

 

 

There is set to be an increased investment demand for gold during the coming year, one expert has advised. Nick Holland, chief executive of Gold Fields, says that the "phenomenal" demand for the precious metal that was seen from investors during 2009 "was only the start". "There'll be more investment demand in 2010 and there'll be continued growth of new funds looking to have a piece of gold," he suggests during an interview with Mining Weekly.

 

He adds that the value of the yellow metal will continue to rise as gold investment continues to grow. But Mr Holland is not the first person to extol the virtues of gold - Louis James, senior editor of Casey Research, recently told the Gold Report that investors would be wise to maintain a "significant position" in the precious metal. He added that now is a good opportunity for people to invest in gold, as it is a "buying opportunity to take hold of".

Source : World gold council