International gold prices are down more than 30 percent since scaling the $1900 per troy ounce peak in the second half of 2011, making the asset class one of the worst performers in relation to both short and long- term financial instruments such as
Pound Sterling dropped versus the dollar after the Bank of England decided to leave the benchmark interest rates unchanged at record lows of 0.25 percent, following its monetary policy meeting on August 2nd 2017.