This week, the Federal Reserve in America announced it was holding off raising borrowing costs and scaled back forecasts for how high interest rates will rise this year.
Lower rates are good news for gold, which becomes more attractive against interest-bearing assets for investors.
Uncertainty in the financial markets has seen demand for gold sky-rocket, with the price shooting up by almost £200 per ounce during the first quarter of 2016.
Now, gold investors are predicting further growth, pointing to the current state of affairs with the stock markets, China, interest rates and the oil price. It could even break £900 per ounce for the first time since August 2013.
That’s why more and more people are turning to gold coins.
In February, we saw a record number of new clients place their first order with us and, on a larger scale, the demand for gold is impacting the mines, with Australia’s gold production hitting a 12 year high according to Sky News and share prices for some American and Canadian gold mines have nearly doubled say Profit Confidential.
Is now the time to add more gold coins to your Portfolio? The experts seem to think so.
If I could recommend just one gold coin for your Portfolio right now, it would be the special gold £1 struck to celebrate the Queen’s 90th Birthday, which is just one month away now.
We have already sold 300 of these to existing clients and now we have less than 100 left in our initial allocation.