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Both gold and silver prices saw a rise last week after figures showed that December’s CPI reached 7% year-on-year in the US, a 40-year high. As US inflation begins to take root, are precious metals set to soar?

As we continue to venture into 2022, many of us have made resolutions for the new year, with some of us hoping to improve the state of our finances after a difficult couple of years. Price rises in gold and silver during the pandemic have recently led to investors flocking to precious metals, many for the first time. Here we will cover why people invest in gold, and whether precious metals could be a good investment for you in 2022.

The COVID-19 pandemic and the resulting lockdowns economies across the world have culminated in a rise in inflation and UK interest rates already, with further hikes possibly on the way during the coming year. Could this mean a possible boost for the price of gold?

To those of you who may be thinking of joining us for the first time, we wanted to warmly welcome you to our company and to help answer some of those questions you may have about purchasing gold and silver bullion and coins. We aim to answer your questions and to relieve some of the fears you may have in making your initial purchase of bullion and coins.

Gold is an asset that has been traded for thousands of years, having been used as tender long before the existence of worldwide currency, stocks, or bonds. To this day, investing in and trading gold presents plenty of opportunities for potential investors. It is, however, not without its shortcomings as we will explore in this article when answering the question ‘is gold a safe investment in 2022?’

Many of the world’s central banks have been adding significant amounts to their physical gold reserves in recent months, due to increasing concerns over inflation. Could more banks be backing gold?

Gold experienced another up-and-down week last week, eventually ending up at a similar price to the prior week’s close. Previously, precious metals had experienced a lift after news of the new Omicron variant of Covid-19 broke. However, this rise looked to be short-lived, and gold appears to have since been given a booster shot, protecting it from the new variant, in comparison to its reaction to the original Alpha strain. Has gold become resistant to the virus?

Gold had a rollercoaster week, starting strong, dropping sharply, and then rising again as the emergence of the new Omicron Covid-19 variant sparked a sudden upturn in the price on Friday. Investors flocked to gold as a safe-haven due to fears that the new virus variant could derail economic recovery. But was this initial panic short-lived?

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