Tuesday 18 November 2014

Gold up nearly 6% in a week - Silver up nearly 7% in a week

Gold up nearly 6% in a week

The gold price has surged £42 per ounce in the last week as investors are warned over the fragility of the global economy.
Click here to view the latest gold price chart


Silver up nearly 7% in a week
The silver price has spiked over £0.60 per ounce to £10.48 per ounce in a week. 
Click here to view the latest silver price chart

David Cameron issues economic warning
David Cameron issued a stark warning that the “red warning lights are flashing on the global economy” and we face the possibility of another global crash. Cameron warned there is a “dangerous backdrop of instability and uncertainty” caused by economic, diplomatic and humanitarian problems across the globe.
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ECB prepared to purchase government debt
European Central Bank (ECB) President, Mario Draghi, confirmed the ECB is willing to purchase government debt, in a process known as quantitative easing in an attempt to stoke inflation and stop the Eurozone falling into a deep recession.

ECB official, Yves Mersch, went one step further and confirmed the ECB would be prepared to buy a variety of assets including gold and  shares in attempt to stimulate the economy. 

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