20 h. ago Gold falls below $4,000 an ounce as ‘froth’ taken out of market

Bullion has slumped 9% from recent peak in move welcomed as ‘healthy correction’

Economics

6 d. ago Gold suffers biggest fall for TWELVE years as rally runs out of steam

The price of bullion tumbled 5% to $4,120 an ounce on Tuesday having hit an all-time peak of $4,381 on Monday.

Politics

6 d. ago Gold price suffers biggest fall for five years as rally runs out of steam

The price of bullion tumbled 5% to $4,120 an ounce on Tuesday having hit an all-time peak of $4,381 on Monday.

Politics

7 d. ago FTSE 100 Live 21 October: Borrowing setback for Chancellor, gold price falls

Government borrowing rose in September to the highest level in five years, piling more pressure on Chancellor Rachel Reeves over the nation’s public purse.

Politics

1 week ago Nearly £11bn wiped off UK banks after US regional banking fears spooked markets – business live

European stock markets have fallen after two US regional lenders disclosed on Thursday that they were exposed to alleged fraud by borrowersGlobal markets fall and gold hits record high amid jitters over US banksUS regional bank stocks fall amid Wall Street concern over credit marketsStorm clouds are gathering over the financial markets, warns Richard Hunter, head of markets at interactive investor:There are increasing signs of storm clouds gathering over markets, with little relief from the building wall of worry.Already grappling with stretched stock valuations in the AI space, an unresolved government shutdown and a deteriorating relationship between Beijing and Washington, investors were exposed to a new source of concern in the form of lending practices and bad loans for US regional banks. Continue reading...

Economics

1 week ago Bank shares lead global market fall amid jitters over US private credit

Signs of credit stress send markets in Europe and Asia down, while investors turn to safe haven assetsEuropean stock markets fell on Friday and gold hit a record high after two US regional banks said they had been exposed to millions of dollars of bad loans and alleged fraud.Signs of credit stress rattled markets across Europe and Asia. In London the FTSE 100 fell 0.9%, Germany’s Dax fell 1.8%, Italy’s FTSE Mib fell 1.5%, the Ibex in Spain was off 0.3% and France’s Cac 40 dropped 0.2%. Continue reading...

Economics

1 week ago FTSE 100 slides as US regional bank worries rock markets – business live

Fear index jumps, and European markets follow Asia lower, as bad loan fears hit valuationsGlobal markets fall and gold hits record high amid jitters over US banksUS regional bank stocks fall amid Wall Street concern over credit marketsStorm clouds are gathering over the financial markets, warns Richard Hunter, head of markets at interactive investor:There are increasing signs of storm clouds gathering over markets, with little relief from the building wall of worry.Already grappling with stretched stock valuations in the AI space, an unresolved government shutdown and a deteriorating relationship between Beijing and Washington, investors were exposed to a new source of concern in the form of lending practices and bad loans for US regional banks. Continue reading...

Economics

1 week ago Global markets fall and gold hits record high amid jitters over US banks

Signs of credit stress send markets in Europe and Asia down, while investors turn to safe haven assetsBusiness live – latest updatesGlobal stock markets fell sharply and gold hit a record high after two US regional banks said they had been exposed to millions of dollars of bad loans and alleged fraud.Signs of credit stress rattled markets across Europe and Asia. In London the FTSE 100 fell 1.5%, Germany’s Dax fell 2%, the Ibex in Spain was off 0.8% and France’s Cac 40 dropped 1.5%, before recovering some ground. Continue reading...

Economics

1 week ago FTSE 100 Live 17 October: Banks drive big index fall, gold continues record run

The FTSE 100 index has fallen by more than 1% as London traders track Wall Street weakness and selling in Asia.

Politics

2 w. ago FTSE 100 Live 14 October: Jobless rate rises, index lower as gold falls from record

Unemployment has risen to its highest level since the pandemic with more than 1.7 million people looking for work.

Society

2 w. ago FTSE 100 Live 10 October: Gold and defence stocks fall, brickmaker issues warning

A leading brickmaker today said demand had slowed amid the impact of economic and political uncertainty.

Events

2 w. ago Graham Lee makes heartbreaking admission after horror fall left him paralysed

The Grand National and Ascot Gold Cup-winning jockey, who was paralysed in a fall in 2023 has opened up about his life in a new TV interview

Events

2 w. ago Bank of England warns of risk of AI market correction; gold hits new $4,000 an ounce record – business live

Soaring tech valuations could drop amid potentially ‘disappointing’ progress on AI, central bank says; gold has doubled in two years and extends 50% rally so far this yearPeter Hargreaves, the billionaire co-founder of Hargreaves Lansdown, is retiring from the UK’s largest personal investment site, seven months after its £5.4bn acquisition by private equity firms. Hargreaves, 79, who set up the business in 1981 in the back bedroom of his house in Clifton with Stephen Lansdown, is handing his board position to his son Robert and said this “marks a proud new chapter in the family legacy”. His firm pioneered “DIY” investments, allowing people to invest directly in shares via its website without costly financial advisers.The Bristol-based company said he had rejoined the board earlier this year to “provide continuity and support through a period of change” following its takeover by a private equity consortium of Jersey-based buyout giant CVC Capital Partners, Sweden’s Nordic Capital and...

Events

2 w. ago Bank of England warns growing risk AI bubble could burst; gold hits new $4,000 an ounce record – business live

Soaring tech valuations could drop amid potentially ‘disappointing’ progress on AI, central bank says; gold has doubled in two years and extends 50% rally so far this yearPeter Hargreaves, the billionaire co-founder of Hargreaves Lansdown, is retiring from the UK’s largest personal investment site, seven months after its £5.4bn acquisition by private equity firms. Hargreaves, 79, who set up the business in 1981 in the back bedroom of his house in Clifton with Stephen Lansdown, is handing his board position to his son Robert and said this “marks a proud new chapter in the family legacy”. His firm pioneered “DIY” investments, allowing people to invest directly in shares via its website without costly financial advisers.The Bristol-based company said he had rejoined the board earlier this year to “provide continuity and support through a period of change” following its takeover by a private equity consortium of Jersey-based buyout giant CVC Capital Partners, Sweden’s Nordic Capital and...

Events

2 w. ago Gold price tops $4,000 for first time as investors seek safe haven

Precious metal having biggest rally since 1970s amid political uncertainty in US, France and JapanBusiness live – latest updatesThe price of gold has risen above $4,000 (£2,980) per ounce for the first time as investors continue to seek a safe place to put their money at a time of global political and economic uncertainty.The spot price of gold – the real-time market value of gold and viewed as the global benchmark – reached $4,031.54 at 8am in London on Wednesday morning, after climbing 1.2% during early trading. Continue reading...

Economics