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Noticias R7: Gold as a Form of Protection

LONDON, 17 January 2013 - Leading Brazilian news channel Noticias R7 last night cited BullionVault's Gold Investor Index as a key measure of sentiment towards gold investment.

Website of Brazil's major broadcasting network, Noticias R7 reported on the day's price action in US gold futures, plus the latest US economic data as well as the 2013 gold-price forecasts from leading global consultancy, Thomson Reuters GFMS.

"Short-term," the report quotes BullionVault chief economist Ben Traynor, "uncertainties over the fiscal and monetary affairs in the United States seem to be keeping buyers and sellers of gold virtually in balance at the moment."

"BullionVault's Gold Investor Index," says R7, "which measures the sentiment of Western investors for gold, reached the highest level in a year in December."

"Investors remain fearful" says Ben, "about projections for the global economy. They are turning to gold as a form of protection."

You can read the story in Portuguese at Noticias R7:

Gold closes slightly lower after recent rises

Or see an English translation here.


Gold bullion - Buy online at live gold prices.

Source: 
Noticias R7