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Updated 19:16 19/01/20

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January Gold News 2020

A Sovereign coin depicting Edward VIII, uncle of Her Majesty Queen Elizabeth II, has been sold to a private buyer in the UK for a record £1 million for a coin.

The 22-carat coin was discovered by the Royal Mint’s verification team, who found it to be owned by an American collector who was looking to sell the coin on.

17 Jan 2020, 12:41 p.m.

In 2019 it felt like silver was the forgotten metal. The reality though, is that silver is not a bad investment - far from it. Statistically, silver actually gained 16.83% in value for 2019; rising from $15.44 to $18.04 per ounce.

This is hardly a failure to attract demand and puts it ahead of gold in terms of price growth, meaning that in what was a stellar year for it, gold was actually the worst performing of the big four precious metals.

14 Jan 2020, 12:35 p.m.

The Pound is at a two-week low and is once again under pressure, following the release of poor retail and GDP figures for the final months of 2019.

Figures for GDP showed the UK economy contracted by 0.3% in November, putting the end of 2019 overall at near-stagnation of 0.1%.

13 Jan 2020, 2:37 p.m.

2019 was a very strong year for both gold demand and the gold price. Domestic events drove currency shifts and subsequent asset value changes just as much as international matters. For the UK, Brexit fears drove the Pound down and the general election pushed it back up - both impacting the gold price.

In 2020, the US will have a presidential election, with President Trump contesting this while trying to contain Iran, North Korea, manage the trade war against China, and keep America above the pack as the global economic slowdown gains momentum. Will gold continue its bull run, or can Trump live up to his own hype and resolve all disputes?

13 Jan 2020, 10:59 a.m.

The price of gold reached a near seven-year high in US Dollars of $1,586.97 per ounce today, with tensions growing between the United States and Iran following last week's assassination of Iranian general Qasem Soleimani - Iran's highest ranked official behind Supreme Leader Ali Khamenei and President Hassan Rouhani.

Gold has risen by over 4% in the past week against the US Dollar, the Euro, and the Pound Sterling, and with no sign of tensions subsiding, experts believe that safe havens like gold will continue to gain value.

6 Jan 2020, 4:48 p.m.

The gold price has surged overnight following news that a US air strike has killed top Iranian general – Qasem Soleimani – in a move that has significantly heightened tensions in the Middle East.

Investors have flocked to safe havens gold and silver as fears of new military conflict grow, pushing the gold price up by 2.9% in 24 hours in Sterling.

3 Jan 2020, 1:55 p.m.

It’s been a tough start to 2020 for Sterling, with the UK currency shedding 0.6% as traders return to London today and kick off a new calendar year.

This has resulted in a new-year boost of 1.52% in Sterling versus a more modest rise of 0.68% in Dollars for the same 24 hour period.

2 Jan 2020, 3:29 p.m.