Atkinsons Bullion & Coins

In today’s blog we are going to take a look through our top talking points this morning including possible top prices for gold, the current situation for cryptos and of course, a bit of Brexit.

Last week we saw the gold price reach above the highs of last September in USD, pushing above $1,360 for the AM Fix on the 25th. Could this be the start of the upwards push of 2018, or will we see the price forced back down?

Moving away from the UK this week, we wanted to take a look at last year’s demand for bullion in China. The demand for Gold in China rose for the majority of 2017; at the same time, we saw the USA drop some of their gold, in favour of the flavour of the month (or year) …cryptos.

We often get asked questions by our clients, whether they are related to the products, price movements on the market or indeed, larger, geopolitical issues that take a little more unpicking to get to the bottom of.

We saw the gold spot price rise again during Asian trading this morning, pushed by the current weakness in USD.

As we ponder the possibilities and hopes for the year ahead we stare hard at our crystal ball for inspiration. Alas, as in years gone by it seems a little misty on the outside, or maybe that’s just these old eyes struggling again to foresee the future.

Despite the many manias this year has seen (Brexit Continued, Bitcoin Bedlam and US Rate Hikes) and the recent fall in price, we have still seen gold rise 9% from $1,148.65 on January 3rd, 2017, to $1,258.65 this morning.

What a week for bullion. We saw the price of gold continue to drop with a live price high of around £952, to a low of £924, that’s a drop of 2.9%.

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