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Gold Prices Likely To Rise Sharply Following Trump Victory

"Investing

Gold prices could continue increasing sharply over the next few days following news that Donald Trump will become the next President of The United States, one of the oldest bullion dealers in the UK has predicted.

Oliver Temple, senior bullion dealer at Gold Investments, says that with tumbling global share prices, investors will be quickly turning to gold as a way of protecting their portfolios.

Already on Wednesday gold had jumped up nearly 5%. It was the precious metal’s biggest single-day gain since 24 June when the precious metal rose as much as 8% following the UK EU Referendum result

 

Markets Reacting Strongly

Markets around the world have reacted strongly to the Trump win. The US dollar and stocks fell – the stock index futures slid by 800 points. The Mexican peso also slipped by more than 13% – an all-time low against the dollar. The FTSE 100 index dropped by 1.4% in early trading before recovering to trade flat at 6,838 points. Other major European stock markets have also been down.

"Oliver

“We’ve seen this first hand ourselves over our long years that whenever there is economic volatility, demand for gold and gold prices are pushed up. It could well be a good time for investors to look at including gold as part of their investment portfolios and soon,” said Temple.
Temple, however, does strike several notes of caution when buying gold.

“Before rushing into buy gold, investors should check that the headline prices advertised by dealers are what they seem. We’ve seen misleading prices being shown and from seemingly reputable dealers. I’ve written recently about this here.”

Buying And Selling Gold Quickly

Temple also advises against buying and selling gold quickly.
“Gold should be viewed as a medium to long term strategy – yes historically the precious metal has performed well over time but prices can fluctuate day-to-day. The other area to bear in mind for investors is to make sure gold is no more than 15% of an investment portfolio.

“For investors looking to buy gold for the first time, it can seem daunting knowing what to purchase and from whom. We’re always happy to share our wealth of experience. Investors are welcome to pop into our City offices which are near Bank.”

Gold Investments offers a wide range of gold bars and coins which are often the cheapest on the market. It also offers secure storage at the London Silver Vaults.

Gold Investments’ quality gold bars and coins can be viewed here:

Gold Investments Limited
88 Gracechurch Street
London EC3V 0DN
Tel: 020 7283 7752
Fax: 020 7283 7754
Email:info@goldinvestments.co.uk