The Avanti Group are advising clients on recent global developments effecting the price of gold as demand rises for a second day due to political unrest in Egypt and as Europe’s debt crisis continues.
The Avanti Group the equities research house based in Tokyo, providing professional trading and investment research solutions to institutional and private investors across the globe have recently drawn their investor’s attention to the current political unrest in Egypt and the continuing debt crises within Europe that has been a factor in driving gold prices for a second day. Prices movements are expected to continue to rise over the coming months.
“Gold has always been seen as a safe and reliable hedge against uncertainties in the often turbulent world of investment. With the short-term dip in prices lately, gold is now achieving a soaring demand for both ETFs and physical product. We anticipate positive future gains expecting prices to soar even higher,” said Andrew Taylor Senior Vice President of Mergers and Acquisitions at The Avanti Group.
Gold rallied to the start of new highs this week gaining 0.5 percent increasing to $1,258.65 a troy ounce, and a notable 1 percent advance over the past two days since two ministers in Portugal left their positions under allegations of poor handling over the countries government debt situation. Further gains are anticipated amidst the political unrest within Egypt as President Mohamed Mursi is ousted by the military.
“Investors are reminded by the recent developments within Egypt and Portugal that there are still a considerable amount of risks to the global economy and by monitoring closely what lays before us we are best positioned to take advantage of any given situation that enables us to place our clients in strong holdings,” concluded Andrew Taylor Senior Vice President of Mergers and Acquisitions at The Avanti Group.
The Avanti Group is an equity research house providing research and analysis outsourcing solutions for institutional financial traders worldwide, founded in early 2003.