LONDON, 20 April 2011 - BullionVault head of research Adrian Ash was interviewed live this evening on the BBC's rolling 24-hour News Channel.
Invited to discuss what's driving the current run of record-high prices, Adrian pointed to continued global economic uncertainty, solid Asian demand, and ultra-weak monetary policy across the developed West.
Interviewed for almost 4 minutes by the early evening news' business editor, Maryam Moshiri, Adrian cited the possible downgrading of US debt announced by the S&P ratings agency, plus the ongoing concerns over Portuguese government debt, as the imminent cause of this week's jump.
In the jewellery market, underlying stability is coming especially from world Nos.1 and 2 for private consumption, India and China, where the metal is being used as a high-quality store of wealth by the fast-growing middle class.
More urgently for BBC viewers, Adrian said, investment demand in the UK looks likely to keep growing for as long as the Bank of England holds interest rates below the pace of inflation, delivering a real loss of purchasing power to cash savers.
The BBC News Channel is not archived online.
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