August 23rd, 2016
Investors join athletes in race for gold
Gold has been the flavour of the month this August – and not just because of the Olympics.
While athletes from around the world have been competing for top medals in Rio, investors have also been racing for their own share of the precious metal, driven by the global economic uncertainty that surrounds Brexit and the US interest rate hikes.
With the UK’s recent decision to cut its interest rates to a record low of 0.25 per cent, the Royal Mint has reported a surge in demand for gold. In the l…