June of this year was high for Gold, and it is recorded as the best month in three years after climbing 8%. It is driven by hopes of losing monetary policies across the globe and global growth worries. Besides, Federal Reserve is planning to cut interest rate to open new ways of investments. Lower interest rate continues to raise dollar against the other currencies, which finally increases the yellow metal’s attractiveness.
Investment in Gold is increasing as it does not pay interest like fixed-income assets. Additionally, other major central banks are also adopting this easy money policy that has boosted the yellow metal. Gold purchase by the central banks by making investment plans is roaring this year, and holdings in gold-backed exchange-traded funds are at the highest since 2013. Due to the leverage plan in the metal price, miners and bullion are experiencing more gain in the rising metal market.
Canadian bullion services to buy gold bullion in Canada is one of Canada’s leading precious metal dealer. The company has 20 years of experience in precious metal. They educate Gold and silver investors. It is purely dedicated to competitive pricing and customer service. The company has partnered with Questrade to allow Canadians to trade physical Gold and Silver in TFSA’s and RRS P’s. This Canadian Dealer also provides investment in Platinum, Copper, and Diamond.
According to Canadian Bullion, when you need to invest in Gold, you should consider three main factors, safety, liquidity, and return. Old investors can invest by examining the size of the critical factors for tracking Gold price.