LONDON, 23 August 2010 ? Comments from world No.1 gold trading and ownership service BullionVault feature today in a report on gold's autumn outlook at Interactive Investor ? one of the UK's leading investment websites, now boasting 1.6 million registered users.
"The old City adage of selling in May and not returning until St Leger's Day in early September typically refers to the equity markets," says Jessica Mead, columnist for the City of London's City A.M. freesheet, writing for iii.co.uk
"But the saying is equally applicable to the gold market, which also demonstrates a clear seasonality and experiences a summer dip too."
Highlighting the typical late-year surge in gold, Adrian Ash ? head of research at BullionVault ? tells Interactive Investor he wouldn't be surprise by a spike to £1000 an ounce for UK investors early in 2011.
You can read Jessica Mead's City A.M. report at Interactive Investor here...
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