Between January the 1^st and December 31^st 2017, the overall change to the gold price was relatively modest, despite many economic factors that could have otherwise weighed down on the price. Gold continues to perform with stability and reliability, and most financial experts think it’s likely to do the same through 2018.

Here’s a quick look at what you need to know about the gold price in 2018.

2018 gold price forecasts

Though few – if any – financial experts are predicting dramatic gains for gold in 2018, most agree that it will continue to rise steadily. These predictions vary, with some more pessimistic forecasts predicting strength in the US economy and thus less growth for gold, and others predicting a rise of 17 per cent in 2018. 

Here’s a look at some of the other factors that might influence the price of gold:

Government debt

The amount of government debt in both the UK and the US has been increasing almost un-interrupted for years, and some experts are predicting that 2018 is the year this starts to unravel. If the government debt starts showing signs of destabilising the British or US economies, this could be a sign that the gold price is about to rise.

Brexit

Political uncertainty is almost always good for gold, and nothing seems more uncertain in British politics nowadays than the Brexit negotiations. 2018 looks set to be the year that we get a clearer idea of our final trading relationship with the European Union after March 2019. The markets will be watching closely through the year as events unfold.

Cryptocurrencies

In 2017 we saw the meteoric rise of cryptocurrencies into mainstream consciousness. And while most experts currently believe that digital currencies and gold don’t currently compete with each other in any meaningful sense, this may yet change. If the Bitcoin bubble grows further in 2018, you may find some investors looking far less favourably at gold as 2019 approaches. 

US Federal Reserve rates

Fears of a rise in US Federal Reserve rates have depressed the gold prices at multiple points in 2017. As it begins to look inevitable that 2018 will be the year these rates will rise, it looks likely that the gold price may be hindered by its effects.

Here at UKBullion we can’t tell you when to buy gold bullion. What we can do is make the whole process as easy as possible, and offer some of the most competitive prices along the way.

Have a look at our range of gold coins and gold bars or contact us today to find out more.