The Phaserl


Gold Ticks Higher In GBP – Property Crash Looms In London?

from Gold Core:

High end London property prices crashed 6.3% in the last month while average prices in the city fell 2.3% – the largest fall in nine months, according to Bloomberg. Prices across the UK slipped 0.1% in the same period.

Gold has been moving steadily higher in the last week as the surging pound began to dip.

Media reports suggest that many buyers postponed closing deals in the run-up to the election due to fears over the implications of a labour victory on the property market.

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