5 d. ago More Brits rush to buy gold which hits record high price as Trump tariffs war wipes trillions off shares

Investors are also piling into buying the Swiss franc and the yen while the US dollar has slumped amid the US president’s trade chaos

Economics

5 d. ago The price of gold has hit a record high. Here’s why and the ways to invest

The precious metal has long been considered a ‘safe haven’ during times of uncertainty - and the current trade war is no different

Economics

5 d. ago Gold hits record high as Donald Trump trade war with China intensifies

The price of the precious metal rose to above $3,200 an ounce as investors flock to the so-called 'safe haven' asset in the wake of the trade war between Washington and Beijing

Events

5 d. ago Tariffs live: Gold prices hit record high after Trump admits concerns over transition ‘costs’

Falling stocks across Asia follow Wall Street sell-off as US president threatens to go ahead with ‘reciprocal’ levies

Economics

2 w. ago World markets and US dollar suffer worst monthly losses since 2022 as Trump tariffs fuel recession fears – business live

Shares slide after President Donald Trump says new reciprocal tariffs expected this week will include all nations, and Goldman Sachs say US recession more likelyWall Street shrinks in response to price pressures, stoking fears of Trump tariffsSwiss bank UBS has cut its forecast for the US stock market’s gains this year.Having previously forecast the S&P 500 shares index would end the year at 6,600 points (which would have been a 12% gain in 2025), UBS have now cut their end-year target to 6,400 points.“After considering the effects of tariffs and slower growth data so far in 2025, we now expect 6% earnings per share growth, and we have accordingly reduced our year-end target for the index to 6,400 (from 6,600).But this also means that there is still meaningful upside for broad US equities by year-end, in our view.”The Nikkei closed down 4%, while European indices are a sea of red. The sell off is broad based, with more than 550 of the Eurostoxx 600 stocks lower as investors take...

Economics

2 w. ago World markets and US dollar suffer worst monthly losses since 2022 as Trump trade war riles investors – business live

Shares slide after President Donald Trump says new reciprocal tariffs expected this week will include all nationsWall Street shrinks in response to price pressures, stoking fears of Trump tariffsEurope’s main stock indices are a sea of red, as investors react to Donald Trump’s declaration that the reciprocal tariffs he is set to announce this week will include all nations.Italy’s FTSE MIB index has dropped 1.4%, France’s CAC is down 1%, and Germany’s DAX has lost 0.95%.The tariffs imposed by the U.S. government and the fear of new announcements as early as Wednesday are creating a bleak atmosphere on trading floors worldwide. Just last Wednesday, the DAX was above 23,000 points, but it now appears that the index may soon test the 22,000 mark.The risk appetite seen in the initial weeks of the year has dissipated as investors and asset managers pull back, reduce positions, and refrain from taking on large new ones. The inclination to buy the dips has nearly vanished. Continue reading...

Economics

4 w. ago Gold hits record high over $3,000 amid rising geopolitical tensions; Thames Water receives six takeover offers – business live

Rolling coverage of the latest economic and financial news, as gold hits $3,027 per ounceGold is continuing to hit new heights this morning – it’s now trading at $3,027 per ounce.“In the current environment, every day seems to offer a new catalyst for the gold price,” comments Kathleen Brooks, research director at XTB.In uncertain times, central banks and individuals demand gold, while inflation concerns emanating from President Trump’s tariffs and trade war are also boosting the price of gold.Life above $3,000 per ounce could be the norm for the gold price in 2025, it is already higher by 15% YTD, easily outpacing gains for global equities. Continue reading...

Events

4 w. ago Gold hits record high over $3,000 amid rising geopolitical tensions; Pound at $1.30 against weakening US dollar – business live

Rolling coverage of the latest economic and financial news, as gold hits $3,027 per ounceGold is continuing to hit new heights this morning – it’s now trading at $3,027 per ounce.“In the current environment, every day seems to offer a new catalyst for the gold price,” comments Kathleen Brooks, research director at XTB.In uncertain times, central banks and individuals demand gold, while inflation concerns emanating from President Trump’s tariffs and trade war are also boosting the price of gold.Life above $3,000 per ounce could be the norm for the gold price in 2025, it is already higher by 15% YTD, easily outpacing gains for global equities. Continue reading...

Economics

4 w. ago Gold hits record high over $3,000 amid rising geopolitical tensions and weakening US dollar – business live

Rolling coverage of the latest economic and financial news, as gold hits $3,017 per ounceIn the City, shares in banking group Close Brothers have tumbled after it reported that the UK’s motor finance scandal dragged it into a loss.Close Brothers reported an operating pre-tax loss of £103m for the six months to 31 January 2025, and a loss after tax ofo £111.8m. Continue reading...

Events