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How gold affects your savings

If you have investments in gold, its price falling means the value of those investments goes down. Gold is often seen as a 'safe haven' during economic uncertainty, but when interest rates rise, other investments like bonds become more attractive, as they pay interest, unlike gold.

Stories that explain this

Gold prices fall as US inflation report raises rate hike worries

Related explainers

Why gold is a global safe haven Why the Bank of England watches the US How global interest rates connect Why your mortgage might cost more Why the pound gets weaker How does inflation affect savings? How inflation affects gold What about my savings?

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