Gold Market Analysis United Kingdom
Are you planning to invest in a gold coin? If yes, you must analyses the market first. Gold is not only a luxury asset but also a significant investment that can give you good returns in the long run. However, a lot of investors want to know whether or not gold coins will be a good investment in 2021. In this post, we will try to analyses the market behavior for this year and upcoming years. So without any further delay, let’s get started.
COVID 19 Impact on Gold Market
Due to the outbreak of the corona virus, the global economy has entirely changed. According to market experts, until a viable vaccine is available in the market, Covid-19 will likely to harm the global economy. Some experts believe that impact will be so huge that it will take years to recover. As a result, numerous investors have turned their cash into the gold coins and other precious metal.
The year 2020 has already observed the record increase in the gold price in currencies like Euro and Pound. According to a forecast, the price is more likely to increase in the upcoming years. Although the demand for gold jewellery has taken a hit, smart investors are buying gold coins, recognizing it to be a store of value during the uncertainty in the economy. So if you’re planning to invest in gold coins, it is the right time to do so.
Global Trade War
Another thing which is impacting the cost of gold coins is a global trade war. If we take a look at the past few months, we notice that there is an ongoing economic conflict between powerful nations, especially between the United States and China. So we can say the record of the high gold price is also driven by concerns for the trade war between Washington and Beijing.
The economic conflict between different countries is going to increase the demand for safe-haven assets such as gold coins.
According to the DailyGold, other precious metals sector is trending lower while the gold price is going upward.
Is this the Right to Invest in Gold Coins
Since the gold price has been continuously increasing due to so many reasons, it wouldn’t be wrong to say that it is the right to buy gold coins. Don’t forget that the gold is on a long upward trend and the prices are increasing almost every week. To keep an update on the price of gold, you can visit rpsgold.co.uk. The company sells a wide range of gold coins, gold bars, and bullion. They also allow you to sell your gold at marketing leading prices. The good thing is that you can lock your selling price for gold on the live spot price. To know more about it, you can give them a call at +44(0)2085742450.