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Gold jewellery demand down in the UK

Gold jewellery uk

Demand for gold jewellery in the UK falls: World Gold Council

Demand for gold has decreased in Europe, according to the World Gold Council (WGC). The demand is particularly down in the UK where demand fell 10% to a three-year low of 3.8t. The council released its gold trend for Q2 2017 and reported a 4% fall in demand for gold jewellery across Europe. Globally, the demand for gold jewellery was 480.8t which was 8% higher year-on-year. In some parts, global gold demand in Q2 2017 fell 10% compared with the same period in 2016.

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Precious Metals

Gold slips on tensions over the Korean peninsula

Gold slips

Gold falls as investors kept a close watch on Korean peninsula

Gold fell as the dollar went up, but held near two-month highs as investors kept a close watch on tensions over the Korean peninsula. Spot gold was down 0.2 per cent at $1,286.39 per ounce after marking its highest since June 7 at $1,291.86 an ounce. U.S. gold futures for December delivery fell 0.12 per cent to $1,292.4 per ounce.

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Precious Metals

Gold worth $248bn kept under London’s streets

London gold

A majority of London’s gold is reportedly kept in vaults under the Bank of London

A majority of the UK’s gold is kept under London and it is worth £172 billion ($248 billion). Out of the 6,256 tonnes of gold kept under the Capital’s streets, the majority – 5,134 tonnes – is reportedly kept in vaults under the Bank of England on Threadneedle Street.

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Precious Metals

Physical gold is the best hedge against economic uncertainties

Physical gold

Physical gold is the best hedge against unpredictable monetary policies and economic risks

Holding gold is desirable but it depends on the form of the precious metal in which you hold it, to really pay you off in the long term.

It is not about just holding gold, but the form matters which give you protection against global economic uncertainties. Holding gold in its physical form is much more beneficial than other varieties of gold holdings. Investing in gold offers tax benefits and security which makes it an attractive choice over other forms of investment.

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Precious Metals

Low platinum cost pushes jewellery demand

platinum

For budget-conscious ring-bearers, the preferred material might be platinum.

According to Platinum Guild International, the low platinum price in 2016 had retailers stocking up on the precious metal, with Indians and Americans the most likely to put a platinum ring on it. In India platinum demand soared 11.4%, while in the U.S., demand grew 5.4%.

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Precious Metals

Global Indicators Affecting Gold in 2017

Gold

The strong economic numbers from the US during 1Q17 have been casting a shadow over precious metals, as strong data could imply sooner-than-expected interest rate rises. Rising interest rates are negative for precious metals, as they don’t pay interest like Treasuries.

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