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Live Metal Prices
Metal Ounce Gram
Gold £1,318.91 £42.40
Silver £11.744 £0.378
Platinum £592.62 £19.05
Palladium £1,796.00 £57.74

Updated 05:34 04/04/20

Gold News

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The GOLD.co.uk News page aims to keep you up to date with the latest stories and headlines affecting the gold market as and when it happens.

We also report on silver, platinum, and palladium, as well as offering insight into the wider financial world, economic performance, and political influences and motivations that might impact upon the world of bullion.

Press and Media Inquiries | Contact our News Editor

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02 Apr 2020

Global stock markets have almost inevitably recorded their worst quarter since 1987, as the coronavirus continues to keep Europe and parts of Asia under lockdown and hinder economic activity and societal norms.

At the end of 2019, the Global Economic Conditions Survey (GECS) predicted a steady 3% growth in world trade. Poor Q1 figures plus the unprecedented impact of Covid-19 has dashed any such hopes, and many nations - including the UK, Germany and Japan - are expecting to report they are officially in recession later this month.

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26 Mar 2020

Demand for precious metals has soared in recent weeks as lockdowns aimed to reduce the spread of coronavirus hit more countries across the globe.

Gold and silver in particular have seen unprecedented demand, leading to stock shortages across the industry as investors clamour for safe haven assets.

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19 Mar 2020

The Bank of England today shocked investors and the public alike with news that the UK interest rate would drop to an all-time low of just 0.1% - an unmatched figure since the BoE first started in 1694.

Gold's price shot up yesterday to from £1,240 per ounce to £1,297.77 as the Pound fell to a 35-year low against the US Dollar, with the Bank of England bracing itself for crisis.

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03 Mar 2020

The East African nation of Tanzania is beginning to enact a plan proposed in 2017 to finally establish central bank gold reserves. The country, Africa's fourth biggest gold exporter, is looking to take advantage of its natural resources and develop a national reserve to cope with the increasingly volatile global economic climate.

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02 Mar 2020

Precious metal prices slipped on Friday as day traders were forced to sell gold, silver, platinum and palladium positions in the face of the worst week for stock markets since the 2008/09 financial crisis.

Given gold’s safe haven status, many people might be confused as to why gold’s price dropped so sharply on Friday. The answer however is simple – margin calls.

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27 Feb 2020

Major international stock markets including the Dow Jones, STOXX 600, and the FTSE 100 have today entered correction territory, having suffered a drop of 10% or more in cases from their recent peaks following continued coronavirus fears and the subsequent impact upon labour and supply chains globally.

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11 Feb 2020

Official figures show the UK economy has stalled in the final quarter of 2019, as Brexit uncertainty dragged down businesses.

Consumer spending was poor considering the crucial Christmas period; but it was manufacturing in particular that performed poorly.

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10 Feb 2020

A collection of Iron Age gold coins has been declared treasure by Suffolk’s senior coroner, having been discovered almost a year ago.

19 coins were found near Blythburgh, Suffolk last February by a metal detectorist. The anonymous finder reported the discovery to Suffolk County Council, and through them the coins have been the subject of cleaning and analysis for the past year, ready for sale to museums keen to display the collection to the public.

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10 Feb 2020

The price of gold has made slight gains in the past 24 hours, peaking at $1,576.46 per ounce just before midnight as the Asian markets opened and reacted to the latest coronavirus news.

Prices today have risen due to the confirmation that the coronavirus death toll has now surpassed that of SARS. The UK today reported four new cases of coronavirus, while in Japan the Nissan car factory in Kyushu has suspended production while the virus is still prevalent.

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07 Feb 2020

After a strong 2019, gold-backed ETFs continued to perform strongly at the start of 2020, registering a new record high number of holdings at 2,947 tonnes of gold.

33 tonnes of January’s increased ETF holdings came from Europe, with the UK the primary source of gold-backed ETF demand at 21 tonnes ($1.1 billion).

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06 Feb 2020

China has announced it will be cutting tariffs on $75 billion worth of goods by half, in a major boost to global stock markets amidst the ongoing coronavirus outbreak.

The CSI 300 index in China rose by 1.86%, while the Hang Seng rose by 2.4%. In Europe, the STOXX 600 hit a new record high of 424.80 points, courtesy of strengthening stocks in the UK, France, and Germany.

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