In recent months, gold has reached unprecedented prices, leading to a notable increase in bullion investment. UK buyers outnumbered sellers by the widest margin in four years during the spring. From April to June, UK investors demonstrated net demand for gold for the first time since Q2 2023, purchasing more than they sold despite record prices. The average price of gold in British Pounds soared to £2457, marking a 32.7% rise from last year. The UK Gold Investor Index reached the highest level since 2021, reflecting heightened investor confidence and activity in gold markets.
Gold's price has risen significantly, culminating in a robust period of investing, with UK buyers overwhelming sellers by the widest margin in four years.
UK investors have engaged heavily in gold buying, creating a net demand for the first time since Q2 2023, amid rising prices and economic uncertainty.
As of June, gold's quarterly average price reached £2457, marking a record high and reflecting a 32.7% increase compared to Q2 last year.
The UK Gold Investor Index rose to 57.4 in June, indicating a strong sentiment among investors, significantly surpassing a neutral balance this quarter.
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