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Metal Ounce Gram
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Palladium £1,696.00 £54.53

Updated 12:18 01/03/21

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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24 Feb 2021

UK unemployment rose to a rate of 5.1% at the end of 2020, the highest it has been since 2016. Despite some signs of improvement, employment remains a key risk to the UK’s economic recovery, and analysts are warning things will get worse in the coming months as wage subsidy schemes come to an end.

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17 Feb 2021

Sterling is continuing to rise against both the Dollar and Euro this week, and reached a 34-month high against the Dollar, putting additional pressure on metal prices here in the UK.

The Pound was trading as high as $1.39498 so far this week, a price last seen in April 2018, and marks the continuation of an impressive rally for Sterling in the past year.

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11 Feb 2021

The price of platinum has today hit a peak of £925.02 per ounce; the highest the precious metal has been since September 2013.

Platinum has gained £128.51 per ounce so far this month (16.40%) but around £110 of those gains have come in the past week, with several factors driving the latest platinum price surge.

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10 Feb 2021

Silver demand soared last week as a stock market battle spilled over to the precious metal, driving prices up in a short-lived spike, and stripping dealers of physical stock.

Confusion over the co-ordinated “silver squeeze” has seen prices fall back from last week’s peaks, but are still up for the month, and demand remains high.

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28 Jan 2021

After setting surprising new highs last week, the Biden boost for the stock market could be showing the first signs of ending, after posting losses in trading this week.

The Dow Jones suffered its worst day of trading yesterday since October, and European stock markets have followed suit today.

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26 Jan 2021

A rare, gold ‘Brasher Doubloon’ has sold for an eye-watering $9.36 million at auction recently, setting new records for both the auction house, and grading company - the Numismatic Guaranty Corporation. The sale is being celebrated as the highest amount paid for a NGC coin, more than doubling the previous record.

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22 Jan 2021

Inflation is set to be a key driver for gold prices in 2021 and beyond, and could help propel gold to a new all-time high. The Covid-19 outbreak saw inflation fall to near-zero in 2020, but the economic response could see inflation rise, and rise significantly in the months ahead, pushing up demand for inflation hedges like gold.

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22 Jan 2021

Newly elected President Joe Biden has had a busy first day in the Oval Office, and the changing of the guard from the Trump administration has been a boost to the pound sterling.

Against the dollar, the pound jumped to its highest since May 2018, reaching $1.374 at its peak before closing at $1.366.

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20 Jan 2021

A double-dip recession is looking increasingly likely for the UK economy in 2021 following the release of the latest GDP figures.

After a historic contraction in Q1 and Q2 of 2020, the UK economy had shown signs of recovery, with six consecutive months of growth. November’s GDP figures have ended that spree, with a fall of 2.6%, and point to a potential double-dip recession in 2021.

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15 Jan 2021

The Russian central bank has reported this week that its gold bullion holdings surpassed the value of its US dollar reserves.

According to the Moscow Times, Russia's gold as of June 30th last year was worth $128.5 billion – almost $4 billion more in value than the US dollars the Eurasian state holds in its reserves.

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15 Jan 2021

A previously discovered golden ornament has been officially classed as a treasure, and is believed to be one of Britain’s oldest examples of gold metalwork.

The nearly pure gold ornament was originally discovered in 2014 by a group of young volunteer archaeologists and was found in the Kirkhaugh Cairns located in Kirkhaugh, Northumberland.

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13 Jan 2021

Sterling has begun 2021 with gains that have pushed it to a 32-month high against the Dollar. GBP has been boosted by a number of factors, and analysts believe there could be further gains to come for the Pound in the weeks ahead.

Sterling climbed as high as $1.36958 last night and has been trading around the $1.366 mark so far today. This puts Sterling at its highest since May 2018 against the Dollar.

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08 Jan 2021

2020 was undoubtedly a year of economic uncertainty, and as investors globally turned to traditional safe havens in gold and silver, demand reportedly reached unprecedented levels for many of the world’s largest mints.

As the official mint of America, this pattern has also been repeated at the U.S. Mint, which saw demand for its popular Eagle coins soar to levels not seen in four years.

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07 Jan 2021

It has been a relatively volatile first week of trading in 2021 for precious metals, with prices up and occasionally down as markets react to changing outlooks in what will likely be another year of economic upheaval.

As trading opened on Monday, both gold and silver saw impressive gains as markets reacted to the ever-increasing numbers of Covid-19 cases across the US and Europe.

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23 Dec 2020

Chancellor Rishi Sunak issued a plea this week for an increase in consumer spending next year as the UK opens back up from months of lockdown limitations on daily life.

Inevitably there has been backlash on social media, with many pointing out that large swathes of the public have been on furlough for the majority of 2020, while others working from home have seen an increase in their utility bills, as well as a general cost of living increase for food and clothing.

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16 Dec 2020

Despite a stellar performance in 2020, silver has not broken all time highs in the same way as gold, and is still considered undervalued by many analysts and investors.

With more and more countries setting carbon-neutral goals in the coming years however, the increasing adoption of green energy technologies could provide a further boost to silver prices that will see it close the gap with higher valued metals like gold and platinum.

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14 Dec 2020

The UK’s economic recovery was already showing signs of running out of steam prior to November’s national lockdown and will likely face further contraction for the final quarter of the year.

The Office for National Statistics confirmed that October saw GDP growth of just 0.4%.

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