Revenue at pawnbroker Ramsdens rockets as Brits cash in on soaring gold prices Business Revenue at pawnbroker Ramsdens has risen to a fresh high as Brits take advantage of soaring gold prices. The London-listed business, which has over 160 stores across the UK, posted a 22 per cent jump in turnover to £117m in the year to end September amid a more than 50 per cent in profit from [...]
Central banks throw weight behind Fed after Trump assault Economics Some of the world’s most prominent central banks have issued a full-throated support of the Federal Reserve and its chair Jay Powell, after Donald Trump’s campaign against its independence escalated with a Department of Justice legal action. In an unusual joint intervention, 11 central banking chiefs declared they stood in “full solidarity” with the Fed’s [...]
Oaktree Capital co-founder voice doubts that macroeconomic fears caused gold’s rally Howard Marks, co-founder of investment firm Oaktree Capital, has voiced his scepticism over gold’s rallying run, believing economic conditions have not caused the surge and there is “no intelligent way to assess the intrinsic value”. Speaking on The Master Investor podcast with Wilfred Frost, Marks attributed the precious metal’s long standing run to popularity, believing [...]
Gold to glitter past $4,000 after year of political jitters October 2, 2025 In a year defined by geopolitical turmoil, gold has not stopped glittering. The yellow metal started the year near $2669 and has since soared to $3900 – a rise of over 45 per cent. The asset now looks set to cross the $4,000 landmark for the first time with the latest rally triggered by the [...]
Gold seals record high as Trump heads for government showdown September 29, 2025 Gold has once again smashed a record high, spurred on by tensions in the US as President Donald Trump heads for a showdown with congressional members. The yellow metal breezed past the $3,800 mark this morning with a 1.2 per cent gain as investors flocked to the safe haven asset whilst political tensions in Washington [...]
Gold storms past $3,600 as Trump escalates Fed feud September 8, 2025 Gold sealed another record high on Monday as investors doubled down on hopes of a US interest rate cut. The yellow metal smashed highs of $3,616 on Monday – just days after it surpassed the $3,500 threshold. The ‘safe haven’ asset benefited from a whole host of economic turmoil in recent weeks, namely President Donald [...]
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. [...]
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 [...]
Gold price surges to $3,300 as trust in US bonds collapses April 16, 2025 Gold prices have passed $3,300 for the first time in history as investors flee US government bonds, which were previously viewed as a safe haven. “It seems that fewer countries are trusting the US — and therefore US Treasuries as a ‘safe haven’ asset class,” explained analysts from Invesco. “This has resulted in greater buying [...]