Posted on: 16th November 2014 in Finance
Gold has reached low pricing levels that were last seen four years ago, and most analysts are of the opinion that they will continue to fall even further. Some even predict that the price will drop below $1,000 per ounce. The factors behind this decline are numerous but boil down to one main thing: gold’s attraction as a safe haven investment is dwindling as the global economy recovers. While it’s true that this recovery has been slow, it indicates that the world is starting to emerge from the fallout of the financial crisis. The dollar is strong and as the world’s largest economy, the US does not need economic stimulus any more. This has hit gold prices hard. It has also hit the gold mining industry around the world. So, how is Europe faring in this situation?We have 18 offices across the globe and we manage over $2billion for our 20,000+ clients
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