Atkinsons Bullion & Coins

The price of gold has surged, hitting highs of $1,533 an ounce – levels unseen since April 2013 - as rising tensions between the US and Iran see investors flock to the precious metal as a safe-haven asset.

As this year’s Christmas and New Year celebrations kick-off, and 2019 draws to a close, here we are reflecting on the year that has passed, as well as pondering the possibilities for gold in 2020.

The pound surged, and the price of gold fell after the results of the 2019 UK general election, which saw the Conservative party win a clear majority.

The spot price of gold has enjoyed a massive record-breaking upturn during 2019, largely boosted by the failure of the UK government to deliver Brexit. As the general election approaches this week, we are discussing the possible outcomes of the election and what these could mean to gold investors.

Gold prices have wilted after the US and China indicated a possible readiness to sign phase one of a trade deal before the end of this year, which has boosted the US dollar.

Here at Atkinsons Bullion and Coins we have a live feed which updates every 60 seconds, showing the current gold price. But how is this information determined? Who decides the gold price?

Reports are showing that Britain’s economy has grown at the slowest rate in almost a decade, and we have also seen the price of gold drop, dipping down by around 2% in the last week alone. So, how does the future look for precious metals?

A question we are asked a lot, is ‘When is the right time to sell my gold or silver bullion?’ While we can’t give you a definitive answer to that, as each investor’s reasons for buying and selling is completely different, here we’ll be looking at some of the reasons why, as well as when, people may choose to sell their precious metals.

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