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Friday, 22nd May 2009 (1274 views)

Increasing gold demand has been fuelled by changes in "inflationary expectations", it has been claimed.

According to investor and financial commentator Christopher Galakoutis, governments in recent years have been unable to "hide" the inflation being created and gold has started to "move higher" as expectations have changed, Market Oracle reports.

He forecast that new money being printed by administrations around the world will continue to be invested in the precious metal and the movement of funds could accelerate further in the future.

The independent investor and commentator noted that, despite the "enormous housing bubble" over the past decade, "some of the new money nevertheless flowed into precious metals and commodities".

In related news, a pair of one-kilogram gold bars are expected to fetch $28,000 to $30,000 (£18,370 to £19,690) each when they are auctioned in Philadelphia as part of the Pook & Pook's Variety Auction this month.

 

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