Market Overview

Physical Gold Responds as Gold Makes Gains Once Again while Investors Await Results of Federal Reserve Meeting


Leading UK gold dealer, Physical Gold, has responded to gold prices making gains again after a week of lows as investors wait on the results of a US Federal Reserve meeting.

(PRWEB UK) 24 October 2012

Gold prices rose once again on Wednesday after prices neared a seven week low earlier in the week. Gold hit a high of $1,714 an ounce before settling at $1,708 in the early hours of trading on October 24.

Prices now look to be pushed up after early bargain hunting as well as festive demand from countries like India, as they approach the season when Hindu weddings commonly take place.

It is thought many investors are awaiting the results of a US Federal Reserve policy statement, following a two day meeting ending Wednesday. However many economists are expecting no new policy initiatives before the US presidential election on November 6.

The experts at Physical Gold constantly keep up with the latest developments in gold investment, a spokesperson said:

“Gold investors shouldn't get disheartened by lower prices when they occur; they often encourage more demand as investors take advantage of the lower prices. As demand increases as does the price due to gold's finite supply. Gold bullion coins and bars still remain a good addition to an investment portfolio to add balance.”

Physical Gold is continuing to watch the gold index 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.

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