Wednesday, November 09, 2011

Gold bounces

Gold bounces give back onto investors' radars.Signal negative real interest rates and uncertainty over the outcome of the eurozone crisis will see the gold price steadily rise into 2012, according to FE Alpha Manager Mark Slater.Slater, who manages the sector-leading MFM Slater Growth fund, believes it is just a matter of time before the precious metal breaks the $2,000 mark.

Metal Gold’s dramatic crash from its $1,900 high down to $1,600 back in September make many investors running for the hills. However, Martin Arnold, senior analyst at ETF Securities, says there has been a steady pick-up in demand in recent weeks.

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