Atkinsons Bullion & Coins

‘Tis the season to be jolly! Well, the big day is just over a week away, and most of us will be celebrating with the giving and receiving of gifts with loved ones. Whether you’re religious or not, most of us know the story of the very first Christmas, with many variations of the nativity scene on show in households all over the world. All will feature Jesus in the manger, and Mary and Joseph looking on adoringly, along with three visitors who came bearing gifts – frankincense, myrrh, and of course, gold.

Gold has been looking fairly positive over the last ten days or so, but will it continue on this path as we come to the end of the calendar year?

After rises throughout 2018, speculation is currently mounting that the Federal Reserve will pause interest rate hikes in the beginning of 2019. But what could this mean for the future of gold?

Just a quick note today to react to the dramatic price increase in Gold (and to a lesser extent, silver) in the past ten days or so.

There is much uncertainty in the global economy at the moment. Falling stock markets, the conflict between Italy and the European Union, the struggles with Brexit, and the ongoing aggressive policies in the USA seem to be supporting demand for gold as a safe-haven.

The gold price looks to have leapt back up after last Wednesday’s dip down to below £900, but the question going into this week is: Can gold hold?

An excellent article by Joanne Hart in one of the Sunday papers grabbed my attention this weekend as it suggested that there are another 13 Billion reasons to own gold.

“Autumn carries more gold in its pocket than all the other seasons.” - Jim Bishop Today is October 1st, & Autumn is most definitely in the air, or ‘fall’ as our American friends like to call it, but the golden autumn leaves are not the only thing that appear to be ‘falling’ at the moment: our other friend, gold, has been heading downwards over the last few months.

Every now and again we see some things that worry us more than normal or alert us to the fact that things are not as they should be. It gives us occasion to euphemistically “raise the Red Flag”. This is not in reverence to Labour leader Jeremy Corbyn and his Liverpool Conference, just that a red flag seems to indicate a warning is needed.

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