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December Gold News 2020


New Year, new problems: negative interest rates on the horizon

New Year, new problems: negative interest rates on the horizon

Chancellor Rishi Sunak issued a plea this week for an increase in consumer spending next year as the UK opens back up from months of lockdown limitations on daily life.

Inevitably there has been backlash on social media, with many pointing out that large swathes of the public have been on furlough for the majority of 2020, while others working from home have seen an increase in their utility bills, as well as a general cost of living increase for food and clothing.

Green energy initiatives to boost silver price

Green energy initiatives to boost silver price

Despite a stellar performance in 2020, silver has not broken all time highs in the same way as gold, and is still considered undervalued by many analysts and investors.

With more and more countries setting carbon-neutral goals in the coming years however, the increasing adoption of green energy technologies could provide a further boost to silver prices that will see it close the gap with higher valued metals like gold and platinum.

Pound slumps as Brexit deal fears grow

Pound slumps as Brexit deal fears grow

The Pound fell against the US dollar and the Euro yesterday following concerns aired by negotiators that a deal between the UK and EU over Brexit was once again looking less likely.

It was only last week, December 4th, that the pound registered its best performance against dollar since May 2018. Half of the gains were at the expense of the US dollar, following poor jobs data in the States, and half were also tied in with Brexit deal optimism – optimism that has quickly dissipated.

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