U.K. Gold Demand Seen Rising as Regulator Reviews Pensions
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U.K. gold demand will get a boost from investors saving up for retirement if the U.K.’s Financial Conduct Authority adds bullion to its list of “standard assets,” brokerage GoldCore Ltd. said.
The Financial Services Authority, replaced last year by the FCA to oversee market regulation, published a consultation paper with the list in 2012, asking whether other types of investment should be added. Cash, bonds and exchange-traded commodities were included and physical gold was not. The regulator’s decision is expected by the end of June, Goldcore said in a report today.