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Metal Ounce Gram
Gold £1,351.62 £43.46
Silver £17.737 £0.570
Platinum £757.98 £24.37
Palladium £1,484.00 £47.71

Updated: 18:56 19/01/22

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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14 Jan 2022

The pound sterling today found itself at the highest level of value against the basket of other major currencies since June 24, 2016 – the day after the fateful EU referendum that saw the United Kingdom opt for Brexit.

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29 Dec 2021

Economists are predicting that the UK's GDP – Gross Domestic Product – will hit between 4.6% and 5% in 2022. The International Monetary Fund (IMF), Goldman Sachs, S&P Global, and HSBC are all forecasting very similar estimates for the United Kingdom next year; figures which would see Britain outperform the other G7 nations.

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20 Dec 2021

The FTSE 100 is amongst the major markets currently down so far today, having fallen by 1.3% so far and 2.2% at its peak drop over concerns about the latest Covid variant – Omicron.

As a result, the pound is currently down 0.4% against the US dollar at $1.3195 – undoing the gains made last week following the Bank of England's interest rate rise.

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16 Dec 2021

America's central bank, the Federal Reserve, has announced that it will be ending its bond-buying stimulus programme sooner than originally intended.

The move has been announced in light of the rapidly rising inflation rate in the United States – currently at 6.8% following the quickest inflation rise since the Reagan tenure in the White House.

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16 Dec 2021

The Bank of England’s Monetary Policy Committee has surprised markets today by voting to increase interest rates. After expecting a rate rise last month the BoE failed to deliver, but has instead caught markets off guard with today’s vote despite growing concerns over the new Omicron variant.

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15 Dec 2021

Inflation in the United Kingdom has hit 5.1% according to the latest Office for National Statistics (ONS) data released today. This puts inflation at a ten-year high, and confirmed the fears of economists and business owners that inflation was growing quicker than forecast.

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07 Dec 2021

The Central Bank of Ireland has added 2 tonnes of gold to its reserves this year, with gold purchases in September and October.

The discreet purchase sees an increase in Ireland's holdings from 6 tonnes to 8 tonnes; a sizeable 33% increase that leans into the idea that central banks are concerned about the continued inflation globally.

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25 Nov 2021

Following strong gains last week, gold and silver prices have fallen back this week. The US dollar has been boosted by America's decision to release 50 million barrels of oil from its reserves, as well as by a reduction in unemployment stateside.

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11 Nov 2021

Sterling today hit a new low for the year following the latest GDP figures from the Office for National Statistics. The pound hit $1.337, and has only risen fractionally since to $1.339.

The past 10 days have been a perfect storm of troubles for the pound. Last week the Bank of England decided not to raise interest rates, the US reported a jolt in inflation yesterday, and now the poor GDP figures.

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04 Nov 2021

It's that phrase again – supply chain problems. The United States has reported the slowest levels of growth in factory output of the past five quarters, with a lack of transport, drivers, shipping containers, and port staff all combining into a perfect storm of delays.

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02 Nov 2021

New data from the China Gold Association shows that consumer demand (in China) for gold is up by 48.44% in the past nine months. Industrial demand is beginning to return, but with threats still present the evidence is clear that many consumers are opting for gold bullion or jewellery in the face of uncertainty.

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