Gold Prices Rise as Investors Take Interest

July 26, 2011 James Heinsman Hedge Fund News

Abu Dhabi retailers have stated that gold has maintained its status as a valuable prospect for financiers in their search for a safe investment option.

Alternative Asset Analysis, or AAA, agrees with this statement, explaining that despite the increase in prices, gold is still a solid alternative. Over the past few weeks, gold prices have risen by $160 per ounce. As a result, many investors have hesitated.

AAA’s analysis partner Anthony Johnson said “Gold is not affected in the same way as equities and other higher risk traditional assets by the strength of the economy in general, so it’s a great investment for those who want to diversify their portfolios.”

According to Al Safina Jewelry owner Mohammad Amin, wealthier investors have chosen gold as a safe haven. “Due to rising gold prices, the sales have come down. However, those who have higher savings seem to be more interested in purchasing gold bars than jewelry.”

AAA, Abu Dhabi, Al Safina Jewelry, Alternative Asset Analysis, Anthony Johnson,

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