Skip nav

This is a transcript from a BBC interview on 6th October 2010 with World First’s Chief Economist Jeremy Cook on the increase in gold prices over the past few months.

Newsreader: [cut off at the start]...today pushing the key $1350 an ounce level. The precious metals price has been benefiting recently from a weaker dollar and market anticipation that the US Federal Reserve may ease its policy to stimulate economic growth. The price of gold has risen 23% since the start of the year and 8% over the last months alone. Well, let’s talk to Jeremy Cook who’s Chief Economist at currency brokers World First...

Jeremy, thanks for joining us...

What’s behind the rise in the price of gold that we’ve seen over the last few months?

Jeremy: Well, as you said during the intro it’s mainly due to market participants who are worried, traders are worried about the inflation outlook for the global economy going forward. Now, it looks like we...

Read full release