Last Updated : March 20, 2010 05:30
Investors in Europe go for gold
There is an increasing amount of interest in Gold Investment among European investors, it has been claimed.
That is the opinion of Jeffrey Nichols, senior economic advisor to Rosland Capital, the A-rated investment company, and managing director of American Precious Metals Advisors, who reveals that the recent Gold Price records seen on the continent could be attributed to a rise in interest towards the yellow metal.
He said: "Gold's recent rally to record highs in euro and sterling is a sign of the metal's broadening appeal to European investors in the face of European sovereign debt fears."
Meanwhile, Richard Russell, the editor of Dow Theory Letters, who has studied the Dow Jones Industrial Average since 1958, has expressed his surprise that people were not Buying Gold in greater quantities, particularly as its price had remained so strong for so long.
He told Bloomberg: "The gold bull market is the strongest metric around now after going up for nine years. If stocks had been making higher highs for nine years in a row there would be a frenzy for stocks. There's very little excitement about gold."
MCX PLATINUM 28 March 2012
contract was trading at
Rs 2467 . What's your view on it?
