{"id":2302,"date":"2018-01-05T13:51:35","date_gmt":"2018-01-05T13:51:35","guid":{"rendered":"https:\/\/www.ukbullion.com\/blog\/?p=2302"},"modified":"2018-01-05T14:01:31","modified_gmt":"2018-01-05T14:01:31","slug":"gold-price-trends-2017","status":"publish","type":"post","link":"https:\/\/www.ukbullion.com\/blog\/gold-price-trends-2017\/","title":{"rendered":"The Gold Price Trends of 2017"},"content":{"rendered":"

Gold price<\/a> rises over the course of 2017 have been noticeable but not dramatic. After a year of geopolitical tensions, continuing talk of a rise in US Federal Reserve rates, and disappointing US economic forecasts, gold\u2019s role as a safe haven investment remains as defined as ever.<\/p>\n

The market has approached 2018 with more optimistic forecasts<\/a> than it has seen in recent years. But here\u2019s what has been playing on investors\u2019 minds over the past 12 months.<\/p>\n

2017: The highlights<\/h3>\n

Gold started off the year on the 4th<\/sup> January at \u00a3935.12<\/a>. In total, the price inflated by just over 3 per cent across the entire year, with the highest price on the 31st<\/sup> December being recorded at \u00a3964.88. The two highest recorded fix prices of 2017 were \u00a31,025.91 on April 14th<\/sup> and \u00a31,029.02 on September 4th<\/sup>.<\/p>\n

Some of the most dramatic fluctuations of the year were recorded in the closing weeks of December, as the price fell from a 10-day high to a 5-month low<\/a>. 2017\u2019s lowest price was recorded on the 13th<\/sup> December, at \u00a3928.38, before rising sharply ahead of the New Year.<\/p>\n

What influenced the gold price in 2017?<\/h3>\n

Over the opening months of the year, the gold price rose gradually, peaking at three notable occasions, on the 6th<\/sup> January, 27th<\/sup> February and 13th<\/sup> April, at incrementally rising peaks of \u00a3996.81, \u00a31,012.17 and \u00a31,025.91, respectively.<\/p>\n

Geopolitical tensions in North Korea, coupled with continuing uncertainty about the US economy bolstered safe haven buying<\/a> and led to some of the highest prices of the year.<\/p>\n

Investors were reassured by the victory of French president Emmanuel Macron in the opening weeks of May, and the price dropped to a low of \u00a3943.89. A further drop to \u00a3941.59 occurred on July 11th<\/sup>, following a brief spike on June 6th<\/sup> to \u00a31,003.37<\/a>.<\/p>\n

Gold recovered from this slight dip as the trading moved into September, when prices rose to \u00a31,029.02 on September 4th<\/sup>, following another nuclear weapons test by North Korea.<\/a><\/p>\n

A dramatic end to the year<\/h3>\n

During a time period of just two weeks in December, gold dropped from \u00a3974.18 on the 28th<\/sup> November to its 2017 low of \u00a3929.38 on the 13th<\/sup> December \u2013 a dramatic loss in value of 4.6 per cent. Gold\u2019s fortunes began to improve as New Year approached however, and prices rose back to \u00a3964.88 on the final days of the year.<\/p>\n

Despite these fluctuations, we\u2019re not alone in thinking that the market can look forward to a promising 2018<\/a>. If you want to take advantage of this opportunity to buy gold bullion<\/a>, don\u2019t hesitate to check out our range of gold bars<\/a> and gold coins<\/a> to get your 2018 investment strategy underway today.<\/p>\n","protected":false},"excerpt":{"rendered":"

Gold price rises over the course of 2017 have been noticeable but not dramatic. After a year of geopolitical tensions, continuing talk of a rise in US Federal Reserve rates, and disappointing US economic forecasts, gold\u2019s role as a safe haven investment remains as defined as ever. The market has approached 2018 with more optimistic forecasts than it has seen in recent years. But here\u2019s what has been playing on investors\u2019 minds over the past 12 months. 2017: The highlights Gold started off the year on the 4th January at \u00a3935.12. In total, the price inflated by just over 3 per cent across the entire year, with the highest price on the 31st December being recorded at \u00a3964.88. The two highest recorded fix prices of 2017 were \u00a31,025.91 on April 14th and \u00a31,029.02 on September 4th. Some of the most..<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[273],"tags":[],"yoast_head":"\nThe Gold Price Trends of 2017 - UKBullion Blog<\/title>\n<meta name=\"description\" content=\"What happened to the gold price over 2017? Geopolitical tensions, a downbeat US economy and troubles with North Korea. What does this mean for the price of your gold?\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Gold Price Trends of 2017 - UKBullion Blog\" \/>\n<meta property=\"og:description\" content=\"What happened to the gold price over 2017? Geopolitical tensions, a downbeat US economy and troubles with North Korea. 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