The US dollar's latest rally has increased its value against other major currencies including the pound, euro, yen, and Swiss franc – pushing bullion prices down in the process.
With gold and silver prices down, perhaps now's a window of opportunity to stock up on an historically trusted safe haven and hedge against the inflation that experts have said for months and months was just transitory...
A gold penny featuring the portrait of King Henry III has sold at auction for a sensational fee of £648,000 (USD $873,073). The coin, discovered in the Devon countryside last September, was sold through auctioneers Spink & Sons for at the weekend.
The pound sterling today found itself at the highest level of value against the basket of other major currencies since June 24, 2016 – the day after the fateful EU referendum that saw the United Kingdom opt for Brexit.
The World Gold Council has released its 2022 Outlook and is expecting another year of mixed fortunes and forecasting for the precious metal, though the short-term concerns may turn out to be a blessing for gold.
