Rising Attractiveness of Gold

BusinessCommodities ♦ Published: July 11, 2012; 14:20 ♦ (Vindobona)

Austrian Erste Group: „Prolonged negative real interest rates and global debt crisis set to push gold price higher.“

Rising Attractiveness of Gold / Picture: © Vindobona.org

The price of gold is yet to peak, bolstered by low real interest rates and the desire for secure, sustainable forms of savings and investments, according to the latest Erste Group report “In Gold We Trust”. As the Federal Reserve will continue its zero interest policy until at least 2014, real interest will continue to be negative, laying the ground for gold price to climb higher.…