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Tuesday, 24th March 2009 (1997 views)

Those keen to invest in gold in the current market have been urged to consider the potential of gold mining companies.

Head of investment at Barclays Stockbrokers Barbara-Ann King suggested that these global firms may be "considered as offering great value" during the economic downturn.

"As well as capitalising on increases in the price of physical gold, you may find investment in gold mines offers additional opportunities for returns from gold's performance," she said.

Ms King added that gold has traditionally been seen as a "safe haven" during a difficult market.

A survey by Barclays Stockbrokers revealed that 31 per cent of investors believe gold prices will rise further, while 18 per cent feel now is a good time to hold onto gold investments as the precious metal will maintain its value.

This news follows comments from chief executive of Newmont Mining Richard O'Brien.

He told the Global Mining and Steel Summit that gold prices will hit $1,200 (£818) in coming years, Reuters reported.

 

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