Need investment support? Book a call back now
Book an appointment
Investments in bullion products are not FCA regulated. The value of your investment can go down as well as up. Past performance is not indicative of future results.

Precious Metals Market Report Q2 2023

LBMA

July 2023

Category: Invest

21.07 Article Hero Image(desktop) 1600x800.png

 

According to the latest London Bullion Market Association (LBMA) report, the second quarter of 2023 saw fear of recession and the Federal Reserve’s attempts to curb inflation as the principal drivers of the gold price.

While they weren’t the only two factors, they were however considered as the principal ones. Q2 saw a boost in the gold price compared to Q1 for U.S. investors, and the price of gold went from $1,963.10 during the beginning of April, to around $2,000 by mid-June.

 

21.07 Secondary Image 1000x500.png

 

The report also speculates the price of silver, which has seen a trajectory this year and includes the key statistics for both gold and silver in Q1 and H1 of 2023.

To read the full LBMA Precious Metals Market Report: Q2 2023, please click here.

you might also like

Investors Move Into ‘Safe Haven’ Gold
The Case for Gold in Defined Contribution Asset Allocations
US Interest Rate Hike Follows Buyout
The Relevance of Gold as a Strategic Asset
 
 
Feefo logo