July Gold News 2022

Another month, another increase in inflation for the United Kingdom. The latest figures from the Office for National Statistics (ONS) report that inflation in the UK is now at 9.4%.

Boris Johnson’s time as UK Prime Minister and Conservative Party leader looks set to end in the next few days following a remarkable 24 hours of resignations from government positions – with the latest YouGov polling suggesting that 2/3 of Brits want the PM to step down.

The first half of 2022 has been the worst period for stock markets in more than 50 years. Fears over rising interest rates and the potential recessions they will bring, have seen many investment assets suffer so far this year.