Ray Dalio: UK is in a ‘debt doom loop’ July 28, 2025 The UK is in a “debt doom loop” of high taxes, low growth and a ballooning debt pile, according to one of the world’s most renowned investors, who also warned that the need to raise taxes will only drive more wealthy residents to leave. Ray Dalio, the billionaire who founded US hedge fund giant Bridgewater [...]
Gold rallies to near-two month high as Middle East conflict intensifies June 13, 2025 Investors were flocking to gold on Friday after Israel’s attack on Iran sparked a demand for the safe haven asset. The rush sent gold prices up one per cent to their highest level in nearly two months at $3,441.90 The bullion pulled on track for a weekly gain as the Middle Eastern conflict ramped up. [...]
Gold tops euro to become central banks’ second favourite reserve asset June 11, 2025 Central banks now hold more gold than euros in the face of global trade tensions and volatile markets, according to a report produced by the European Central Bank (ECB), making it the world’s second largest reserve asset after the US dollar. Purchases of gold were twice as high in 2024 as the average seen over [...]
FTSE 100 narrowly misses record high after housebuilders rally June 10, 2025 The FTSE 100 closed just short of a record high on Tuesday after fresh economic data fuelled hopes of further interest rate cuts from the Bank of England. The UK’s flagship market inched up 0.24 per cent to 8853.08p after a rally from homebuilders. This narrowly missed March’s record close of 8,871.31p. Builders Persimmon and [...]
Ramsdens strikes gold after price jump boosts profit to record high June 4, 2025 Pawnbroker Ramsdens enjoyed a bumper six months as its profit soared on the back of record high gold prices. Ramsdens’ pre-tax profit jumped 54 per cent to an all-time high of £6.1m. This was up from £4m in the first half of 2024. The firm said its purchase of precious metals segment performed “very strongly” [...]
UK retail investors flock to gold amid market uncertainty May 19, 2025 UK retail investors are flocking to gold amid increased uncertainty over tariff policy and an uptick in capital gains tax, from which the precious metal is exempt. Almost six in 10 investors surveyed by Charles Schwab UK (58 per cent) think that gold will increase in value over the next year, the highest number of [...]
FTSE 100 extends record win streak as gold miners rally May 6, 2025 The FTSE 100’s record run, fuelled by a recovery in investor sentiment following a pullback in US tariff threats, extended to 16 days on Tuesday. The blue-chip index had another nail-biting session fluctuating between small gains and losses before scraping a 0.01 per cent win. Gold miners led the risers as Endeavour and Fresnillo topped [...]
US dollar set to fall further as gold rally expected to resume April 30, 2025 The US dollar is set to continue falling against other major currencies such as the pound, despite stabilising in recent days, while gold is expected to resume its record rally, UBS analysts have said. The DXY index, which tracks the dollar’s performance against a basket of currencies, fell sharply at the start of April following [...]
Will the price of gold keep going up? April 22, 2025 The US-China trade war rumbles on. Investors are digging their trenches. The dollar is losing its force while the price of gold is going ballistic. A week ago, UBS made what some saw as a bold prediction that gold would reach $3,500 per ounce by December 2025. That milestone has already been hit. Scarred stockholders [...]
Pound on best run since 1971 as FTSE 100 claws back gains April 22, 2025 The pound and the FTSE 100 continued their strong runs on Tuesday on the back of US instability. Sterling was on track for its 11th day of gains, which would be its longest streak since January 1971 – when the currency switched to the decimal system. It was up 0.6 per cent to $1.34 against [...]
