Gold prices steady as stronger dollar offsets investor demand for hard assets

London: Gold steadied in Europe Wednesday, retreating after hitting a record high in euro terms, as the rising dollar offset buying linked to fear-driven diversification into hard assets like bullion. Dealers reported good physical gold buying from major markets like India in recent sessions, which also supported prices.

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Gold 'continuing to attract investor interest'

Physical gold is continuing to be a particularly attractive option for investors in the UK, one expert has stated. Tim Williams, director of mining and metals at Ernst and Young, says that with the advent of gold exploration company Scotgold onto the Alternative Investment Market, British people will now have the opportunity to put their money into a gold project that is close to home, the Scotsman reports.

Read more: Gold 'continuing to attract investor interest'

Gold can help to 'preserve wealth during inflation'

Investing in gold can prove to be a wise choice in terms of helping a person to protect their wealth in times when inflation is rising, according to one expert.Justin Modray at candidmoney.com tells the Telegraph that as the pound and dollar are continually decreasing in value, the precious metal has historically been seen to become more valuable as inflation rises.

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Palladium hits 2-year highs on global demand hopes

SINGAPORE - Palladium prices jumped to the highest in two years on Wednesday on purchases by autocatalyst makers and investors amid hopes that a global economic recovery is picking up steam, lifting platinum to its strongest in 20 months. Palladium and platinum ended the first quarter 17 percent and 12 percent higher, respectively, surpassing the single-digit gains posted by gold and silver.rs