Gold holding at record high - good for wealth management

Wealth management through investing in gold may be an increasingly attractive option as the precious metal holds steady at an all-time high of $1,296.10 (£825.02) per ounce.

Reuters reports the commodity is expected to continue its rise, as risk-averse speculators seek perceived safe havens for commercial and private wealth investment.

One market analyst notes a fall below a key support level of £1,234 would "violate the bullish outlook", indicating even gold may not be immune to volatile moves from jumpy stock brokers.

The precious metal has broken record highs for five straight sessions and UBS technical strategist Tosa Anastasious notes it is on track to continue its strong performance, observing: Momentum and trend studies still appear healthy and this supports the outlook for further gains in gold."

Those who prefer riskier vehicles for wealth management may be interested to know British fuel explorer Rockhopper has added almost 20 per cent to its share price during the last week, following the announcement a new well is likely to produce a significant amount of oil.  ADNFCR-2318-ID-800081414-ADNFCR