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Live Metal Prices
Metal Ounce Gram
Gold £1,162.83 £37.39
Silver £13.676 £0.440
Platinum £694.41 £22.33
Palladium £1,363.33 £43.83

Updated 04:10 16/10/19

Gold News

The 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

15 Oct 2019

The price of gold has been bumped down from £1,178.86 per ounce down to £1,159.20 following news from Bloomberg that the UK and EU are closing in on a last-minute Brexit deal.

The gains for Sterling put it above the $1.275 mark for the first time since late June, but the currency is still some way off the exchange rate from when the Brexit referendum result was delivered in 2016 at around $1.48.

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15 Oct 2019

Investment manager Neil Woodford has been removed from running his now-infamous £3.5 billion equity income fund – four months after the fund was first suspended pending liquidity problems.

Despite Woodford’s desire to re-open the fund, administrators Link Fund Solutions has ruled that the fund should now be wound up, and all remaining investments returned to their owners.

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30 Sep 2019

Palladium has this morning set a new all-time price record of $1,701.50 per ounce, following two weeks of continual price records.

The metal set a new record of $1,627.53 on Thursday September 19, then set a new record of $1,636.60 just a day later. A weekend surge saw palladium hit $1,664.50 last Monday, and again the price has jolted higher today.

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20 Sep 2019

The US Federal Reserve has cut interest rates for the second month in a row, dropping down to 1.75-2%. The move is similar to the European Central Bank's decision to cut rates earlier this month, with the global economic slowdown cited as the reason for both of the moves.

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12 Sep 2019

The European Central Bank has announced the return of quantitative easing – only eight months after initially ending the stimulus measure.

The decision, likely the last major action by Mario Draghi before he departs as ECB president, is designed to counter the economic regression currently being experienced in the Eurozone.

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10 Sep 2019

Official data from China’s Central Bank shows that the country has now added 99 tonnes of gold to the nation’s reserves as of the end of August, worth an estimated $7.574 billion.

Given that gold has made 12.48% gains in the past three months in Dollar terms, and 25.06% for the past year, it’s unlikely that the People’s Bank will slow down its hunt for buying gold – especially when they are keen to avoid the US Dollar in their reserves, and will have little interest in the fragile Sterling or Euro currencies.

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30 Aug 2019

This week the silver spot price has risen by almost 8%, climbing from a £13.96 per ounce to the current price of £15.10 per ounce, and peaking slightly higher at £15.29.

In Dollar terms, silver is at $18.39 – the highest it has been since April 2017. This week’s gains show a substantial rise in demand, but can it continue?

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23 Aug 2019

After a calm week for investors, this afternoon has seen a flurry of movement centred around the
US-China trade war.

President Donald Trump took to Twitter shortly after to continue his longstanding criticism of the
Fed, going so far as to question whether Powell or Chinese President Xi Jinping was the greater
enemy to the US economy.

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