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Friday, 23rd July 2010 (798 views)

Investment in gold in European markets is currently at an exceptionally strong level, according to Moneycontrol.com.

The investment news resource notes how doubts about sovereign debt have led many people to look to gold as a store of value.

With demand high across a range of different gold investment avenues, this is predicted to potentially see an increase in desire for the precious metal in the second quarter of 2010.

Among the forms of the metal to see increased fervour recently are gold bars and gold coins, the article adds.

The news comes as figures from the US Mint indicate a weekly rise in sales of gold bullion in the country.

CoinNews reports on the figures, which show 30,000 one-tenth ounce fractional gold American Eagle coins have been sold so far in July and 310,000 in all for 2010 to date.

Sales of gold coins by the US Mint so far this year stand at 53.5 per cent of the full total for 2009, reaching 762,000 ounces at this point.

 

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