June Gold News 2022

UK economy contracts in April – recession on the cards?

14 Jun 2022, 4:46 p.m.

Liam Sheasby

The latest data from the Office for National Statistics shows the UK economy shrank by 0.3% in April, following a smaller contraction of 0.1% in March.

US inflation hits 40-year high

10 Jun 2022, 6 p.m.

Liam Sheasby

Inflation in the United States has jumped up to 8.6% according to data released today by the Bureau of Labor Statistics.

Deutsche Bank: UK interest rates could hit 2.5% by February

10 Jun 2022, 5:15 p.m.

Liam Sheasby

Investment bankers Deutsche Bank are predicting a much steeper rise in interest rates from the Bank of England as the UK looks to rein in inflationary pressure on the economy.

£100 to fill a petrol tank after biggest daily petrol price jump in 17 years

9 Jun 2022, 11:12 a.m.

Liam Sheasby

The price of fuel continues to rise, with the RAC reporting yesterday that the cost of filling the average petrol tank is now above £100.