Daily Market Update

Gold Investments in Bloomberg: Commentary and Survey

Bloomberg published an article by Millie Munshi and Pham-Duy Nguyen quoting Mark O’Byrne of Gold Investments.

Gold Beats Financial Assets as Investors Seek Haven

‘At least 95 percent of the new buyers have kept their money in the bullion, Mark O’Byrne, Gold & Silver’s executive director, said in an interview on Feb. 26. “They were very, very nervous and wanted security,” O’Byrne said.’

In order to read the article, please click here or copy and paste the following into your browser:
http://www.bloomberg.com/apps/news?pid=20601087&sid=aPQzstSEDLxw&refer=home

Gold Investments in Bloomberg Survey

In another Bloomberg article, Pham-Duy Nguyen shows how a majority of market watchers (including Gold Investments who are now part of the Bloomberg Weekly Gold Survey) are bullish on gold.

‘Gold may top $1,000 an ounce for the first time ever as a slumping dollar and higher raw-materials costs boost demand for the precious metal as an inflation hedge.’

In order to read the article, please click here or copy and paste the following into your browser:
http://www.bloomberg.com/apps/news?pid=20601012&sid=a4tiDmAS4xTU&refer=commodities

Mark OByrne

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