The surge in demand for gold is attributed to investors seeking a safe haven asset during times of uncertainty. The Royal Mint, a government-owned organization responsible for minting coins and medals, has seen a significant increase in online sales of gold bullion. The surge in demand is also reflected in the price of gold, which has risen to its highest level in over a year. The surge in gold demand is not limited to the UK. It is a global phenomenon, with investors worldwide seeking refuge in gold as a safe haven asset. This trend is further fueled by geopolitical tensions, economic uncertainty, and rising inflation.

This shift in sentiment towards precious metals, coupled with the global economic uncertainty, fueled a surge in demand for these assets.