UK Inflation
Both silver and gold made a nice rally today. Driven by fresh news about the higher than expected UK inflation data set at its over 2 years high of 4%. Many experts believe that the official stats in fact do not reflect actual real increase in the costs of living and therefore it is frequently that prices follow sharper rises than expected as investors allocate more funds towards commodities buying gold and silver. The overall conditions are no different in other countries also China one of the biggest players in the gold market had announced its inflation at a level higher than expected.
The recent instability in Egypt also significantly contributes to the price increases and as far as the news agencies report the situation in Egypt will stabilise in around 6 months. There might be some increases ahead of us. If you think it is a good time to sell gold online we are always happy to assist you and offer hassle free approach. Just gather whatever scrap gold you have, bring it in or send it over and we will get you the best possible price.