Could gold reach new highs and stay there? Gold prices likely have more room to rise and could go as high as $2,500 per troy ounce, some analysts suggest. Investors have been turning to gold after the collapse of Silicon Valley Bank and after the struggles Credit Suisse and worryRead More →
Go to Gold Gold hit its highest price since early February 2023 yesterday as investors move to gold during financial shocks such the SVB closure. Gold is always seen as a safe haven asset in such times of crisis. Safe Investors sought safety with their money at Silicon Valley Bank andRead More →
Gold as a safe haven It is a well known fact that gold becomes a safe haven during uncertain times, and these are uncertain times. So it’s no surprise then that gold has increased in value during this period. At its highest in recent weeks, gold has reached: $1766 perRead More →
In June the price of gold hit a six year high and trickled above $1,400 Amid growing fears of an interest rate cut leaving savers with even lower returns and with concerns that the stock market is slowing, more and more investors are turning to gold as a safe haven.Read More →
Sterling The value of sterling slipped Wednesday 3rd. July 2019 after the Bank of England warned that a global trade war and a no-deal Brexit were growing risks to the UK’s economy and may require a response. FTSE 100 The FTSE pushed up to touch 7620 in intra-day trading asRead More →
The price of gold per ounce slipped back after U.S. and China agreed to resume trade talks. Safe-havens are in less demand as equity markets received a lift from the trade truce agreed Saturday 29th. June 2019 between President Trump and President Xi Jingping at the G-20. GOLD: $1,390.00 atRead More →
Gold continues its upwards march. Having now broken through $1,400.00 some analysts are suggesting gold may reach $1,600.00 this year. Usually gold increases in value as investors search for a perceived ‘safe haven’ during periods of market uncertainty.Read More →