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Two of the world’s leading coin mints have confirmed their coins will feature Queen Elizabeth II Memorial obverse designs for 2023 following speculation over a potential change to King Charles III.
Gold has climbed to a 10-month high this morning of $1,909.96, following a further slow down to the rate of inflation in the US. Annual CPI figures came in at 6.5% for December following 7.1% inflation in November.
The People’s Bank of China have recently announced two large purchases of gold to add to the country’s already significant holding for their reserves.
Gold is just £40 per ounce shy of the all-time UK high this week, as growing fears over the state of the global economy help spur safe haven demand. Analysts are expecting further price gains for gold in USD, with potentially a new gold price record above $2,100 on the cards.
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