Gold is up nearly 4% in sterling terms in August and by a whopping 38% year to date. ‘Sterling silver’ has surged by even more this year and is now 56% higher in sterling terms year to date.
Gold in UK pounds – 10 Year (GoldCore.com)
‘Sterling gold’ rose or to put it more accurately, sterling fell to £1,045/oz oz . The currency has lost more than 2 percent this month versus the dollar, the worst performance among major currencies and nearly 4% against gold.
Sterling hit a 6-1/2-year low against a basket of currencies and Monday’s close against the dollar of $1.2880 was the weakest since June 1985.
Gold in UK pounds surged 20% in the immediate aftermath of Brexit and after a needed correction, has consolidated and is moving higher again. ‘Sterling silver’ surged by even more and is now 56% higher in sterling terms this year showing silver’s currency hedging properties. Read More…
‘Sterling gold’ rose or to put it more accurately, sterling fell to £1,045/
Sterling hit a 6-1/2-year low against a basket of currencies and Monday’s close against the dollar of $1.2880 was the weakest since June 1985.
Gold in UK pounds surged 20% in the immediate aftermath of Brexit and after a needed correction, has consolidated and is moving higher again. ‘Sterling silver’ surged by even more and is now 56% higher in sterling terms this year showing silver’s currency hedging properties. Read More…
