26 January 2009

British Gold holders see value uplift as disappointing GDP hits pound

GDP data and Government Sector Debt worries hit Sterling

Disappointing GDP figures showing the UK only barely emerging from recession boosted the Sterling Gold Price on Tuesday as dollar Gold prices stayed flat on a day that saw the Pound was trading down as much as 0.6% against the Dollar during the day.

BullionSupermarket.com showed heavier than average demand as UK based buyers showed interest in US Gold Bullion lots over their domestic equivalents hoping to secure lower premiums. Gold imports to the UK attract no import Duty or VAT providing it meets HMRC specifications for investment gold.


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