A jump in gold investments has been recorded by the Royal Mint, amid wider market uncertainties. The Mint in Llantrisant saw a 26% annual jump in the volume of gold investments made last year, with younger adults driving the uplift.
Gold bar investments in particular increased last year, with sales rising by 33.5%, the Mint said. It added that the rise in gold investments was driven by Generation Z and Millennial customers, who increased their volume of purchases by 38% and 29% respectively in 2022.
Nearly a quarter (23%) of investors plan to invest in gold this year, according to a survey of more than 2,000 UK investors commissioned by the Mint and carried out by Censuswide. Gold was found to be the second most likely investment people were planning to make this year, after UK stocks and funds.
