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Metal Ounce Gram
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Silver £17.982 £0.578
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Palladium £1,751.00 £56.30

Updated 19:52 27/09/20

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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25 Sep 2020

UK national debt continues to grow as the government spends more and more money to combat the ongoing Covid-19 pandemic.

Government debt in August grew by another £35.9 billion, pushing total UK debt up to an eye-watering £2.024 trillion – the highest figure in history for Britain.

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22 Sep 2020

The FTSE 100 yesterday suffered its worst day in over three months as growing numbers of coronavirus cases in the UK brought in new coronavirus restrictions.

With restrictions expected to impact businesses once more, over £50 billion of value was wiped from the UK’s flagship stock market.

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11 Sep 2020

The Office for National Statistics has revealed that the UK economy grew by 6.6% in July versus June, but GDP is still far below pre-pandemic levels.

Equally worrying is that the recovery now appears to be slowing down, leaving the UK wallowing in the historic contraction caused by Covid-19.

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10 Sep 2020

Scotland’s Cononish gold and silver mine – operated by Scotgold – hopes to pour its first gold by November 30th 2020, in a positive boost for UK mining efforts.

Cononish is Scotland’s first commercial gold mine, situated in the Highlands between Fort William and Glasgow.

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08 Sep 2020

Brexit, one of the key economic drivers for investors in 2019, is now back to the forefront of news this week as talks continue to make no progress.

Boris Johnson has announced that if a deal is not reached by October 15th, that he will recommend both sides “move on”.

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25 Aug 2020

A group of young volunteer archaeologists have made an extremely rare find in central Israel, after digging up a clay urn filled with solid gold coins from the 9th century Abbasid Caliphate.

The hoard consisted of full gold Dinar coins, clipped coins, and even a gold Solidus from the nearby Byzantine Empire.

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18 Aug 2020

After a pullback last week, gold has rebounded and is once more above $2,000 per ounce as investors continue to react to changing pandemic news.

News last week of a potential vaccine in Russia, triggered a sell-off for gold and silver that saw both precious metals drop to monthly low.

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14 Aug 2020

The challenges presented by a world with social distancing as the new normal, have been widely documented, and even official bodies like the United States Mint are not immune from its effects.

The US is suffering from a severe shortage of both common currency and bullion coins.

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12 Aug 2020

The UK has officially entered recession, following confirmation of a record contraction for GDP in the past three months.

Q2 2020 (April – June) saw the UK economy shrink by 20.4% versus Q1, the largest fall ever recorded for the UK economy, and one of the worst falls globally.

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06 Aug 2020

After beating the 2011 all-time record just last week, gold has made further gains this week and has now surpassed $2,000 per ounce, a threshold many saw as a key psychological barrier.

Gold set a new all-time record of $2,065.33 this afternoon – up 5.4% in the past seven days.

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03 Aug 2020

A number of British and European banks have reported significant losses so far in 2020, as the coronavirus pandemic hits their balance sheets hard.

NatWest, Lloyds, and HSBC are just some of the banks to announce significant losses, as banks suffer from both the economic downturn of coronavirus, and the increased risk of loan defaults that comes with recession.

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31 Jul 2020

The US economy, considered to be one of the strongest in the world just last year, has experienced its worst contraction since records began as coronavirus rages across the country.

Q2 2020 saw the US economy contract by a shocking 32.9%, a figure worse than analysts had expected, and a worrying sign for the world’s reserve currency.

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27 Jul 2020

After several months of impressive gains, a surge as trading opened this morning saw gold set a new all-time high in Dollars.

Gold spot price surpassed its September 2011 all-time high of $1920.30, rising to a current peak of $1,945.69 per ounce.

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24 Jul 2020

UK government bonds or gilts with record low yields have been trading recently, with investors choosing to pay for the government to hold their money in some instances as they increasingly look for safe havens to protect their wealth.

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17 Jul 2020

As a physical commodity, silver is ultimately driven by supply and demand. Trends for the past few years show that demand for silver is growing, but supply is dropping at the same time.

2020 could see both of these issues exacerbated and the silver price continue to rise.

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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.

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