May Gold News 2024

Prime Minister Rishi Sunak has confirmed that the next UK general election will take place on Thursday July 4th, 2024. We look at some of the key things to consider surrounding the general election and what impact they could have on gold and silver.

Precious metals have enjoyed yet another jump in prices, with gains on Friday continuing into trading this morning, setting a new USD record.

The latest batch of inflation figures from the US have come in at expected levels. The dollar has slipped to a one-month low and pushed gold and silver higher.

Safe haven buying is helping drive gold and silver steadily higher this week. Silver in particular is looking strong as the weekend approaches, having gained more than 7% in the past week.

Gold’s recent dip has continued into this week, with the metal testing the $2,300 per ounce level.