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Deva House, River Lane, Saltney, Chester, CH4 8RH
(Turn down past Asda and we are just on the left after you go under the railway bridge)
Open Saturdays 10am till 1pm
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Keep up to date with what's happening.
On this page we will keep you up to date with all gold news you need to know. Interesting facts that will have an affect on the value and gold market day by day. Save this website as an app on your phone to have quick access to this important data and to see all items often updated in our shop!
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Record-Breaking Gold Prices
Gold prices have recently reached unprecedented levels, surpassing $2,880 per ounce. This surge is largely attributed to escalating global trade tensions, particularly following the re-election of former President Donald Trump. Investors are flocking to gold as a safe-haven asset amid uncertainties surrounding potential new tariffs and trade policies. investingnews.com
Gold Price Surge Amid Economic Uncertainty
Gold prices have been climbing due to concerns about global economic stability, inflation, and geopolitical tensions. Investors often flock to gold as a safe-haven asset during times of financial uncertainty. As of recent reports, gold has been trending higher, fueled by these uncertainties.
Technological Advancements in Gold Exploration
New technologies in gold exploration and extraction are transforming the industry. Methods like artificial intelligence (AI) and machine learning are helping companies discover untapped gold deposits more efficiently, which could change the future dynamics of gold production and pricing.
Rising Production Costs
U.S. gold producers are encountering higher operational costs, which may impact profitability and production levels. This development introduces additional volatility into the gold market, as investors monitor the potential effects on supply dynamics and pricing. kitco.com
Supply Chain Constraints
The gold supply chain is facing challenges due to increased demand. Notably, the Bank of England has reported delays in gold withdrawals, with wait times extending as existing slots are fully booked. This situation has led to a discount on Bank of England bars in the market, reflecting the tightness in physical gold availability. investingnews.com
Increased Central Bank Demand
Central banks worldwide are significantly contributing to the rising gold demand. In 2024, central bank purchases exceeded 1,000 tonnes for the third consecutive year, highlighting gold's enduring appeal as a reserve asset. This trend underscores the strategic importance of gold in national monetary policies. gold.org
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