Gold Reaches New Record Highs In GBP At £1,272 And EUR At €1,399 As Johnson Suspends UK Parliament

August 29, 2019

* UK political chaos, Brexit concerns and flight to safety propel gold in sterling and euros to new record nominal highs

* Gold priced in sterling and euros soared to record highs today at £1,272 and €1,399 per ounce, spurred by increasing fears of a disorderly British exit from the European Union as PM Johnson suspended the UK parliament

* Gold priced in the British currency has rocketed 34% in 12 months, beating its previous record of 1,204.63 pounds set at the height of the global financial crisis in 2011

* Silver has surged again in pounds and euros and is now at £15.20 and €16.80 per ounce

Gold reaches new record high of £1,271.82

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Mark O'Byrne is executive and research director of www.GoldCore.com which he founded in 2003. GoldCore have become one of the leading gold brokers in the world and have over 4,000 clients in over 40 countries and with over $200 million in assets under management and storage.We offer mass affluent, HNW, UHNW and institutional investors including family offices, gold, silver, platinum and palladium bullion in London, Zurich, Singapore, Hong Kong, Dubai and Perth. 

In 1933 President Franklin Roosevelt signed Executive Order 6102 which outlawed U.S. citizens from hoarding gold.

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