The latest inflation data will be released later today (Wednesday) and as investors and markets alike wait to see what the numbers say, a window of opportunity has opened for those eager to buy gold at a favourable rate, with prices trading around £1,535 ($1,940) yesterday (Tuesday).
The Consumer Price Index is expected to show a 4.3% increase – but this number has often surprised so there’s no real way to be sure until the report is released. This uncertainty has given the U.S. dollar index a boost while the holding pattern remains in place, meaning now is an excellent time to buy for anyone who has been waiting for a new window of opportunity to arise. As ever, you’ll need to act quickly to capitalise.