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Metal Ounce Gram
Gold £1,435.86 £46.16
Silver £15.322 £0.493
Platinum £661.49 £21.27
Palladium £1,575.00 £50.64

Updated 08:16 15/07/20

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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13 Jul 2020

China has been stockpiling gold for some time, as part of Beijing's plans to make its own currency, the Renminbi, a world player that will rival the US dollar.

The country has also been expanding its mining capabilities beyond its own borders. Mines in mineral rich nations such as Australia are being targeted by Chinese, state controlled, mining operations.

Read more...

09 Jul 2020

Chancellor Rishi Sunak has announced more measures to be taken by the government in an effort to reduce the economic damage caused by the coronavirus.

The new measures amount to additional billions to be spent by the treasury and takes pandemic spending to £190 billion.

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08 Jul 2020

The price of gold passed the $1,800 mark this morning, peaking at $1,805.27 per ounce so far in today's trading. This is the highest gold has been since the middle of September 2011, and comes just one week since we reported gold first hitting a nine-year high.

Gold has gained between 16-18% in value so far this year, making it not only one of the best-performing assets but also putting it within $100 reach of the all-time record price.

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08 Jul 2020

In this age of globalisation, the governments of mineral rich nations and developed mining industries fear losing control to foreign conglomerates.

There are therefore growing concerns in Canada, which is the financial home to many of the world's largest gold mining companies, of increasing loss of control to China.

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06 Jul 2020

Gold production in Mali is expected to fall by 8.3% this year, in what is a growing trend for many mines around the world, a trend that could have big implications for gold in the future.

Overall, this year Mali expects to produce just 65.7 tonnes of gold, compared to 71.1 tonnes in 2019. By contrast, in 2018 its industrial gold production rose by 23%.

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02 Jul 2020

Palladium is the one of the most expensive traded metals, and the current highest of the four most popular bullion metals.

Palladium is an investment metal that is largely driven by its industrial applications, and the coronavirus outbreak has had a significant impact on its price in the past three months.

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01 Jul 2020

Gold has long been a popular choice of investment for German investors, and it is perhaps unsurprising that in a time where gold demand has risen globally, German citizens are turning to gold to protect their wealth.

The report found that of the 2,000 people surveyed, 77% were considering making gold investments.

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01 Jul 2020

The price of gold today hit $1,789.69 per ounce this morning – gold's highest value since late 2011 - as markets and economies alike continue to struggle to function in lockdown.

Price forecasts have been circulating with ever-more visibility in recent weeks, with UBS suggesting $1,800 per ounce by the end of 2020 – a figure that could be passed by the end of July with gold's current demand.

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29 Jun 2020

The United States Federal Reserve Board (FRB) has published the results of its supervisory-run Dodd-Frank Act Stress Test for the United States’ largest banks.

As a result, a number of restrictions have been placed on US banks to try and ensure they have the capital to survive the current financial crisis.

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26 Jun 2020

In the continuing effort to try and minimise the economic impact of Covid-19 on the global economy, many nations are increasing national debt to pump liquidity into struggling markets.

While these measures are understandable, they have raised fears for many analysts of a potentially catastrophic debt default to come in the next few years.

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25 Jun 2020

The price of gold yesterday hit its highest level in US Dollars since October 2012, peaking at $1,779 per ounce late morning, with safe haven demand for both physical gold and ETFs keeping the precious metal price high.

The IMF is today warning that those investing as part of the latest stock market rally might bit hit hardest if central bank stimulus slows or stops, with the National Australia Bank concerned about the true reality of economic recovery.

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25 Jun 2020

With the UK government spending billions to try and mitigate the economic damage of Covid-19, many analysts are beginning to question where the money to pay for this is going to come from.

Chancellor Rishi Sunak is appraising his options to ease the effects of the coronavirus lockdown and claw back some of the £48.7bn borrowed by the government.

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24 Jun 2020

The tech-heavy Nasdaq stock exchange set a new record high yesterday, with firms like Amazon and Apple leading the charge of investor backing.

While the news is a welcome positive in a period of extreme financial uncertainty, demand for safe havens is still high, and the Nasdaq stands alone as a positive while the S&P 500 and Dow Jones continue to struggle.

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23 Jun 2020

Undeterred by the global trade slump from Covid-19, stock markets have remained generally buoyant since crashing in March, defying expectations and contrary to warnings on the state of the global economy.

A survey released by Bank of America Merrill Lynch (BoAML) however found that a record 78% of global fund managers believe the stock markets are ‘overvalued’.

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19 Jun 2020

The Bank of England's Monetary Policy Committee (MPC) has announced that it will use further bond buying to support the UK economy through the current coronavirus crisis.

This latest round of quantitative easing will pump a further £100bn into the economy and raises the Bank’s total asset purchase programme to £745bn since 2008.

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18 Jun 2020

April has seen the worst ever recorded fall in GDP for the UK, in painful evidence of the economic damage being done to the country by the outbreak of Covid-19.

Last week's Office for National Statistics (ONS) figures, showed the nation's Gross Domestic Product (GDP) shrank by a massive 20.4% in April.

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16 Jun 2020

There were fresh falls on the London stock market trading early on Monday, followed by another bounce back, in signs of another volatile week to come for stocks.

Oil giant BP was one of the worst affected as it announced more measures to combat the continuing impact of Covid-19 on its business.

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15 Jun 2020

Analysts at fund management firm Incrementum AG believe that gold is on course for a 10-year bull run that could see it climb to almost $5,000 per troy ounce within the next 10 years.

The company released the 2020 edition of its respected “In Gold We Trust” report and made its case for both gold and silver to see significant price rises across the next decade.

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11 Jun 2020

The World Bank has made further dire predictions for the global economy in 2020 and beyond, in a newly published report.

The World Bank Group, which works towards sustainable solutions to reduce poverty in developing countries, believes Covid-19 will plunge the world into the worst recession since World War II.

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