Where next for gold, don't panic buy ahead of Budget, and rising mortgage costs
Although the price of gold has been slipping in recent weeks, the yellow metal has been one of the best investment stories of the past decade. Between 1999 and 2011, the price of gold rose by 660 per cent, and in that time it has become far easier for investors to buy exposure. Our main feature this week explores whether gold has finally run out of steam after a decade of storming gains or whether the price could climb higher. We look at the reasons for buying, and the reasons why you might want to steer clear along with the best ways to hold gold. Plus, Dominic Picarda looks at what the charts say is in store for gold going forward. Next week it's the Budget and Moira O'Neill, our personal finance editor, has advice for anyone fearing that generous tax reliefs on pension contributions will be attacked. Elsewhere Stephen Wilmot, our property correspondent, assesses the risk of widespread rising mortgage costs following the announcements by four lenders that their rate is about to increase, and fairly steeply in some cases.