MANCHESTER, England, April 23 /PRNewswire/ -- The price of gold bullion may well be impacted by the result of the forthcoming UK General Election.
A hung parliament is a widely tipped outcome for one of the closest elections in generations and the uncertainty that this has caused has led to April seeing a sterling price record for gold - the precious metal hitting GBP754 per ounce earlier on in the month.
A hung parliament could lead to increased economic uncertainty and lower confidence amongst savers. Gold has traditionally performed well during times of economic inconsistency as those unsure of the paper currencies invest in the metal as a 'safe haven.' The demographic now investing in gold as an alternative to saving in global currencies is set to rise even further as online gold exchanges such as Gold Made Simple make investing in gold bullion a possibility for first time buyers, individuals and those with lower budgets too, removing the traditional 'elitist' element and simplifying the process.
In the event of a hung parliament, where it can be difficult for Government to make vitally important decisions, the economy can suffer. Add this to the fact that we have not yet fully recovered from the recent recession and gold looks set to remain a favourite with many.
SOURCE Gold Made Simple
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