On Talk Money, this afternoon I inteviewed Alan Derby, the Chairman of The South African Gold Coin Exchange.
In London today- Gold steadied near $990 an ounce on Friday, consolidating a potent two-day rally that took the market to almost $1,000.
Gold is benefiting from uncertainty over the strength of the economic recovery with investors who see the recovery faltering, buying the metal as a haven from risk, while those who believe it is sustainable choose the metal as an inflation hedge.
Spot gold was bid at $989.70 an ounce at 1119 GMT, compared with $990.10 late in New York on Thursday. It reached a peak of $997.20 an ounce that session, its firmest since Feb 23 and is within sight of the $1,030.80 high it hit in March 2008.
Today, we will speak to Alan Derby for his views on Gold and investing in Gold Coins.
Buying of gold exchange-traded funds picked up, with holdings of the largest, New York's SPDR Gold Trust, posting its biggest one-day percentage rise since March.
