Gold remains popular choice for wealth management

Individuals and groups that use gold trading for wealth management have enjoyed an overall value appreciation since the global economic crisis began two years ago.

The commodity was at an all-time high of £844.70 last week, following a long-term trend of gain spanning five months, reports market specialist Seeking Alpha.

Private wealth invested in gold would have grown by 84 per cent since October 2008, according to its data.

Precious metal trading is sometimes seen as a haven for investors seeking recession-proof assets.

Relatively stable performance by the euro despite the downgrading of Greece’s debt yesterday (June 15th) had a slight depreciating effect on the value of gold, pushing it down to £826.70 an ounce.

Short-term negative impacts of trade fluctuations in other commodities should not be enough to derail the metal’s sustained growth, suggests the publication.

European nations struggling with deficits have been among the buyers eager for gold, as the value of the single currency remains unreliable, while traders have displayed strong interest in purchasing national debt.ADNFCR-2318-ID-19840551-ADNFCR