Current Gold Price Hits 5 Year High
The current gold price has continued to rally to a five year sterling high of £1054 per ounce. As a result we have one of our busiest weeks ever. Our savvy customers are taking advantage of record gold prices.
If you want a great price for you old gold jewellery pop down to one of our stores for a fast and friendly cash quote.
We're frequently asked as the leading scrap gold buyer in South Wales, where do we get our gold prices from? Well the price of gold is in reality changing minute by minute, day by day by way of the worlds bullion markets. Our website, displays the current gold price which is refreshed continually. We calculate our price based on the spot price of Gold per ounce dependent on the global market rates.
Global Affairs Impacting The Current Gold Price
Gold price rose by more than 1.5% this week due to concerns about US and Chinese trade tensions and Trump's warning of Mexican tariffs would damage the world economy.
Spot gold increased by 1.4% to £1040 per ounce, subsequently after climbing as high as 1.6% to its highest price since Feb. 28 at £1041. The current gold price as now risen to £1054 per ounce.
Associations between the USA and China had another jerk after the two countries clashed once more at the Shangri-La Dialogue in Singapore last Sunday.
Mexico's Foreign Minister Marcelo Ebrard claimed that Donald Trump's warning of punitory tariffs on Mexico could well be disastrous and will not prevent swells of migrants from traversing the southern US border.