2017 saw several geopolitical events, including the election of Donald Trump as President of the United States and ongoing conflict in the Middle East. These events had a mixed effect on the precious metal market, with gold prices initially rising but later falling.
A significant trend in the coin market during this period was the growing popularity of digital currency, such as Bitcoin. These digital assets, which are not backed by physical commodities, experienced a significant increase in value in 2017, with the price of Bitcoin reaching almost £15,000 at its peak.