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Metal Ounce Gram
Gold £1,301.80 £41.85
Silver £18.389 £0.591
Platinum £759.56 £24.42
Palladium £1,920.00 £61.73

Updated: 20:28 03/08/21

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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30 Jul 2021

Economic growth in the UK dropped sharply in July due to staff and material shortages, hitting the lowest levels in nine months.

According to the latest data from IHS Markit and the CIPS composite output index, growth dropped from 62.2 to 57.7 points – a 7.24% decline.

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19 Jul 2021

The pound has fallen to its lowest level in fourth months against the US dollar today, as markets grow more concerned about a resurgence of Covid-19. Despite a stronger than expected economic recovery so far this year, there are signs this is running out of steam and that things may take a downward turn in the near future.

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14 Jul 2021

Both the US and UK have reported further rises to inflation this week, in further signs that central banks may be wrong to claim inflation is just a transitory issue.

The consumer price index for June showed prices have risen by 5.4% year on year in the US, the highest rise since 2008, and far higher than the Federal Reserve’s target of 2%.

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06 Jul 2021

Gold has seen a small boost in price this week following further signs that central banks are once more buying gold. Gold reserve purchases had largely stopped throughout 2020, as central banks focused on the economic toll of Covid-19, but there are increasing signs that purchases have resumed.

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24 Jun 2021

The Pound has fallen today following a surprisingly dovish meeting of the Bank of England’s monetary policy committee. The BoE has voted to keep interest rates at the historic low of 0.1%, and despite revising their inflation forecasts up, are sticking to their guns over its temporary nature.

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14 Jun 2021

With the growing popularity of cryptocurrencies, and concerns over the dilution of fiat currency through quantitative easing programmes since 2008, many governments and central banks are weighing up the switch from physical to digital currencies.

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10 Jun 2021

The National Federation of Independent Business (NFIB) Optimism Index in America broke a three-month streak of growing confidence in the US economy and recovery last month.

Gold is up 1.12% this week or $20.96 per ounce as investors continue to pursue the precious metal as an inflation hedge and safe haven asset. 

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08 Jun 2021

Russia has enough gold reserves in mines to last for approximately 40 years, according to Alexander Kozlov – head of the Ministry of Natural Resources in Russia.

The proclamation comes around the same time that President Putin fired a warning the way of US President Biden about sanctions currently in place on US dollar transactions surrounding Russia.

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08 Jun 2021

The latest survey of central banks by the World Gold Council shows that national institutions continue to be positive about gold, with no real change between 2020 and 2021 in the percentage of central banks believing national gold reserves will grow globally.

The new poll shows that 21% of central banks surveyed plan to increase their gold reserves in the next 12 months; a figure which could grow depending on the manner of Covid-19 recovery (if there even is an end to it).

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04 Jun 2021

Gold production in Australia is catching up to that of China, according to data from the first quarter of operations this year.

Figures from Australia show 74 tonnes of gold output between January and March, while stats from the China Gold Association show that China produced 74.44 tonnes in Q1.

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04 Jun 2021

The US Dollar has seen its value bounce back in trading yesterday on the back of strong jobs data. The Dollar’s gains have put additional pressure on gold however, pushing it back below $1,900 per ounce.

Having fallen to 89.66 on Tuesday the US Dollar index rose to a peak of 90.63 overnight, up 1%.

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28 May 2021

Inflation in the United States has risen by 1.2% in the last month to 3.1% overall; the highest recorded levels measured by the core personal consumption expenditures (PCE) index since the early 1990s.

Using the PCE index, Bureau of Economic Analysis reported inflation at 1.9% at the end of March, and today has reported a marginally stronger increase than the predicted 2.9% inflation.

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28 May 2021

European markets are on the up today ahead of US President Joe Biden's budget announcement due today. The Stoxx 600 index, covering Europe, is up 0.45% today to an all-time high of 448.48 points.

The budget is rumoured to be a $6 trillion spending package for 2022, with Covid recovery schemes included in the proposals and the potential to spend even more over the next decade.

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26 May 2021

Continuing its recent bull run, gold has made further gains in trading so far this week, and has climbed to a 4.5 month high overnight. Gold has risen above $1,900 per ounce for the first time since early January, hitting a peak of $1,910.63 this morning.

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18 May 2021

Following a strong week for gold and silver, both metals have seen further gains in trading today, pushing them up to a four and three-month high respectively.

The gains come as inflation fears continue to circulate among global markets, as well as a sharp correction in the price of Bitcoin.

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