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Live Metal Prices
Metal Ounce Gram
Gold £956.94 £30.77
Silver £12.425 £0.400
Platinum £661.94 £21.28
Palladium £723.39 £23.26

Updated 08:06 24/06/18

Gold News


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

22 Jun 2018

The Financial Conduct Authority (FCA) have published the second set of results from their Financial Lives survey across the UK, exploring consumer banking habits. Their survey of 13,000 adults found that 12% of people have no savings or investments.

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20 Jun 2018

Property developers Berkeley have warned shareholders today that they believe the market to be at a peak for profitability, and that future profits won’t stay at the level recently reported. The Surrey-based firm estimated a reduction in profits of up to 30% if the housing market continues to struggle over the next few years.

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15 Jun 2018

The European Central Bank has announced that it will wind down its quantitative easing (QE) programme by the end of 2018. The policy was a support buffer for the Eurozone and nations within the shared Euro currency, but global economic growth has been strong enough for the ECB to decide now is a good time to slowly step back.

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15 Jun 2018

Inflation in the UK remained at 2.4% in May, according to figures from the Office for National Statistics. This is the third month in a row that UK inflation has been at 2.4%, despite a promising start to the year and a steady reduction from 3%.

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12 Jun 2018

Leave campaign funder Arron Banks is under investigation over ties to the Russian government amid fears it may have influenced the Brexit referendum back in 2016.

Banks, a Bristol-based businessman, was a key part of Leave’s success and was well known for his anti-EU stance following several large donations to UKIP in previous years.

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05 Jun 2018

2018 will be a slow but steady improvement for gold prices and gold demand, according to analysts at Thomson Reuters who have released their latest annual gold survey.

The 85-page document uses data provided by Tanaka Precious Metals, Valcambi Suisse, PAMP Suisse, Perth Mint, Italpreziosi, YLG Bullion, OLME to give an approximation of the performance of gold in 2017 and combines that with older data to help predict 2018.

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30 May 2018

Italy’s 2-year treasury bonds rose to record levels yesterday, peaking at 2.8% yields having been negative only a week ago. The Euro dropped below $1.16 in response, while the price of gold climbed in step with the yield increases, peaking at £988 per ounce and falling back slightly to £977 – a price still £12 higher than the week before.

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29 May 2018

Vendors in one of Turkey’s largest commercial districts are reporting a rapid rise in the demand for gold coins ahead of the country’s snap election next month. President Erdogan surprised many with the announcement and, with the Turkish Lira steadily devaluing and inflation growing, people are turning to gold coins as a way of safeguarding their savings.

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25 May 2018

A 70-year border dispute between India and China could be about to reignite after Chinese gold mining in the Lhunze region, just north of the Indian border, intensified in the past few months.

There is already a substantial military presence in the region across the Himalayas and, thanks to China’s discovery of gold, silver, and other precious metals, this is only expected to increase.

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18 May 2018

The World Gold Council has published its predictions for the gold industry for the next 30 years.
Titled ‘Gold 2048’, the report focuses on the key expectations from industry experts, such as the
growth of the middle classes in China and India, the advancement of technology to allow easier
investment into gold, and the restructuring of gold mining and production due to environmental
impact and the social expectations involved in operating with minimal damage caused.

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16 May 2018

UK wages grew by 2.9% more in the first quarter of 2018 than the same time 2017, according to the latest figures from the Office for National Statistics (ONS). The improved rate sees wages move ahead of inflation for the first time in 14 months, beating the 2.7% inflation rate in the UK.

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14 May 2018

The Bank of England chose to maintain the current 0.5% interest rate last week after a slowing down of the UK’s economic growth, despite initial plans to raise them to 0.75% this month. The initial forecast from the Bank of England was 1.8% growth for the year, though this forecast has now been reduced to 1.4%.

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09 May 2018

Seven miners have died following a cave-in at a gold mine west of Johannesburg, South Africa caused by a nearby earthquake.

The magnitude 4.5 earthquake hit Soweto last Thursday, triggering the mine collapse and trapping 13 workers. 10 people were rescued but three were unreachable, and four of those workers pulled out succumbed to their injuries.

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