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The Conservative party have chosen another leader and Prime Minister following a quick and virtually uncontested leadership bid for Rishi Sunak. The previous Chancellor now faces the unenviable task of trying to fix an economic crisis, one which has been worsened by the actions of his own party in the past six weeks.
In what has undoubtedly been an unprecedented year in British politics, the UK is faced with another new Prime Minister as Liz Truss announced her resignation from the post today after just 45 days in office.
Following another week of market turmoil, the UK faces its fourth Chancellor in just four months, with long-time Conservative Jeremy Hunt taking the reins.
Gold and silver have enjoyed a very strong week so far, pushing the metals up to a three-week and three-month high respectively in USD. Following a difficult summer, all precious metals saw a quick rebound in price this week.
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