Tags: LIGNET | gold | price | instability

Geopolitical Instability to Push Up Price of Gold

By    |   Thursday, 29 Mar 2012 12:44 PM

gold, prices, instabilityGold has disappointed investors during the past six months, falling from $1,900 an ounce in September to $1,680 an ounce this month. This stands in sharp contrast to the past two years of gold price increases.

But gold may be set for another rally. Central banks in Russia, India, China, the Philippines, and the Persian Gulf states substantially increased their holdings in gold in 2011 as a hedge against instability and are looking to increase their holdings another 15 percent over the next 10 years.

Click here to read the full analysis from experts at LIGNET.com.



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2012-44-29
Thursday, 29 Mar 2012 12:44 PM
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