Markets Worldwide: “HCS Worldwide” – (Gold Price Rise Imminent).

PR Log (Press Release) – Nov 16, 2008 – “HCS Worldwide” insiders suggest that the price of gold is set to rise against the US dollar. They cite the rise in the value of the precious metal against sterling, the Canadian dollar and the Australian dollar as evidence of the uptrend in gold’s value against paper currencies.

“HCS Worldwide” are thought to believe that while the dollar continues to benefit from the deflationary effects of asset liquidation by investors keen to hold cash, this dynamic is unlikely to last.

An “HCS Worldwide” source speculated that the dollar may rise again as central banks around the world cut rates further following the Federal Reserve’s 50 basis points cut last month but with little in the way of rate maneuverability left open to the Fed, the dollar will eventually suffer a protracted sell off.

Gold has held up despite the recent spate of forced-selling by hedge funds and institutional investors thanks to strong demand from India and retail investors keen to utilize its safe-haven status in times of financial uncertainty.