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Barclays to launch bonds linked to gold price
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BARCLAYS Bank is to take advantage of the current enthusiasm for
investing in gold by launching guaranteed bonds linked to movements
in the gold price.
Gold, a traditional safe haven in times of uncertainty, has been
in huge demand over the past three years as investors sought to avoid
the volatile equity markets. In 1999 the price sank below $250 but,
by last month, it had reached a six-year high of $388.
The bank said its high net-worth customers had expressed a growing
interest in commodity-linked investments such as gold in light of the
Iraq crisis and turbulent stock markets.
Details have ...
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; ...counter-productive to do something like that." The gold price ended trading yesterday at $279, having...O'Connell said Tuesday's spike in the gold price was not surprising. "Security upsets...said. Economists said the surge in the gold price was reflected in a general move away...
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 "The Mercury (South Africa)")
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Precious metal glistens as gold price hits new high.(News)
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