Gold goes Up!

Gold has reached a cool $1,000 an ounce – its highest level in six months.  Good news or bad?

Well, here’s the problem.  Some analysts are saying that the higher price means good news, that investors are showing signs of growing confidence.  Growing confidence means a better investor climate – which in turn means the recession must be easing up yet more.  However…

On the other hand are the analysts who say that gold is always relied on as a safe haven especially during periods of inflation.  Therefore, the fact that gold investors are on the up means that they are shying away from other areas.  This means that in fact confidence is pretty weak.

So once again, we are left feeling slightly confused – just what is the state of the UK recession climate?  When will we be in the clear?  And how do investors really feel?

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