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Gold Rises Again!! - Is This The Time To Sell? - 29/07/2019

Gold Rises Again!! - Is This The Time To Sell?

Why did Gold rise again this Monday. Later this week the Federal reserve in the US is expected to cut interest rates. Gold rose by 0.4% to £1159 an ounce  Remember Interest rates also affect the price of gold. Gold does not yield interest in itself; therefore, it must compete with interest-bearing assets for demand. When interest rates move higher, the price of gold tends to fall, since it costs more to carry the metal. In other words, other assets will command more demand because of their interest rate component. The fed are talking about an interest rate cut and hence the rise in the price of Gold. of course no-one really knows how much interest rates will be cut so if they are cut less than expected there may be a slight fallback in the price of Gold. On the other hand if the cut is more than expected then the gold price may rise even further....Watch this space!!

Silver also rose slightly to £13.35 an ounce.


Sell Antique, Vintage & Modern Gold & Silver JewelleryScrap Gold or Silver price is NOT bottom price!. Cash for Vintage companies not only do not publish their prices they offer considerably less than scrap, so if they can't re-sell your item as vintage or antique they still earn by selling the item for scrap. Cut Out The Middleman! We pay the highest prices for antique, vintage and modern gold and silver jewellery and scrap. How? We don't charge the heavy fees charged by ebay and auction houses.

To sell Gold, Silver, Platinum etc to us, first read our sell gold / silver guide then use our Calculator and finally either Call In to our Counter Service, OR Post Your Items To us Via Special Delivery Post. You can also call us on 0121 448 0488 OR use our General Enquiry Form .

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 To sell Gold,  Silver, Platinum etc to us, first read our sell gold / silver guide then use our Calculator and finally  either Call In to our Counter Service,  OR Post Your Items To us Via Special Delivery Post.  You can also call us on 0121 448 0488 OR use our General Enquiry Form 

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