By Claer Barrett
Financial Times, London
Friday, May 2, 2025
The surging gold price has brightened the financial prospects for those considering selling scrap gold or collectable coins, as UK high street pawnbrokers report a new wave of customers.
Gold hit a record $3,500 per troy ounce at the end of April as investors piled into safe haven assets amid the market volatility unleashed by President Trump's trade war. While the price has now retreated from recent highs, pawnbrokers say it has prompted more people to inquire about the value of gold items that could be sold or pawned.
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Sutton & Robertsons, which has four stores in central London and operates an online service, says it has seen a 30% increase in first-time pawnbroking customers year-on-year. About 90% of its loans are secured against gold, luxury watches, and jewelry and up to 75% of the gold's spot price can be advanced. ...
... For the remainder of the report:
https://www.ft.com/content/2edb0254-89c6-4fae-b4b6-6d065fa92041 [2]
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