
Gold price hits new all-time highs on trade war fears
The opening salvos of a new global trade war and soaring demand caused gold prices to surge this week, with gold hitting new record highs in major currencies.
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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.
The opening salvos of a new global trade war and soaring demand caused gold prices to surge this week, with gold hitting new record highs in major currencies.
Markets experienced fresh volatility to start the week, with a narrowly-avoided trade war between the US and Colombia, and a stock sell-off prompted by Chinese ‘AI’ app DeepSeek.
The return of Donald Trump as President of America has brought expected volatility to markets, and pushed gold and silver prices higher.
After a volatile few days that saw gold push to further new all-time highs in GBP, gold has now pulled back slightly, but settled in near the record.
Market volatility is rising as incoming President Trump’s second term approaches. Currencies continue to fluctuate as threat of tariffs weigh on the global economy, and have seen gold and silver prices swinging up and down.
Gold and silver have seen strong gains as trading kicked off for the new year. Despite a higher dollar, both metals saw prices rise in USD, while other currencies saw additional gains.
Precious metal prices remain volatile in the final weeks of the year as markets wrestle between global uncertainty and higher inflation/interest rates.
Gold is holding at historically high levels as the end of the year approaches. Despite an expected uptick in US inflation figures today, markets remain positive on gold.
A volatile mix of economic and geopolitical factors has caused large price swings for gold and silver this week.
Escalation between Ukraine and Russia has reversed gold’s fortunes after two weeks of market attention focused on the US election.
Markets are reacting today to the news that Donald Trump has secured a second term as President of the United States.
Chancellor Rachel Reeves has announced Labour’s key fiscal policies, in the party’s first major Budget in 14 years.
Gold prices have retreated this week as the US dollar rallies on revised market expectations over rate cuts.
A significant escalation of the conflict in the Middle East has brought further volatility to commodity prices, pushing gold to new highs in major currencies yesterday.
Gold’s incredible rally in 2024 has progressed to the next stage, with prices continuing to rise this week and pushing gold in GBP to a new milestone of £2,000 per ounce.
Yesterday saw one of the year’s big fiscal events, and as expected the results were dramatic, pushing gold briefly above $2,600 per ounce for the first time.
Gold has pushed higher once again this week as markets continue to weigh up a perfect storm of geopolitical risks, fiscal policy, and economic concerns.
Gold prices remain relatively volatile this week, but a weaker US dollar is helping to keep gold above the historic $2,500 per ounce level.
Continuing it’s incredible year of record breaking, gold hit a new historic milestone Friday, breaching $2,500 per ounce spot price for the very first time.
Gold has tested record highs once again this week despite some choppy trading. A mixture of geopolitical and economic concerns is helping to support gold prices ahead of the key fourth quarter that could see further gains.