Buy Gold Toronto

Source: Bloomberg

By Tony C. Dreibus - Aug 19, 2013 8:05 AM ET

Monday, 11 Feb 2013 10:36 AM
By Michael Kling

A currency war could prompt gold prices to rise later this year, analysts predict.

Central banks around the world are pushing down the value of their currencies to increase exports and improve economies at home. The strategy might spark inflation and raise investors’ concerns, causing a surge of investors into gold.

Spot gold continued its advance which started on Monday, the yellow metal broke to a 2 week high of $1685 and the heels of mixed U.S data and technical buying.

Ask any veteran investor about the 2008 financial crisis and you’ll probably hear the word “unimaginable” bandied about. From the demise of the U.S. housing market to the collapse of U.S. investment banking giant Lehman Brothers to the virtual collapse of entire countries like Greece, it was the kind of financial and economic Armageddon that most investors never really thought possible.