H&T: Pawnbroker boosted by gold price and demand for quick cash March 18, 2025 H&T has reported a double-digit rise in profit driven by demand for its core pawnbroker service as Brits continue to look for quick cash amid a high cost of living. The business told markets this morning that profit before tax reached £29.1m in the year ended December 31, 2024, up 10 per cent year on [...]
Gold clears $3,000 for first time ever March 14, 2025 Gold prices scaled $3,000 per ounce for the first time ever on Friday, as investors and central banks continue to hoover up the popular safe haven asset as a bulwark against persistent geopolitical and economic uncertainty. The milestone caps an astonishing rally for the yellow metal in recent years. The price of gold has jumped [...]
Gold price highs ‘are yet to come’, says UBS February 17, 2025 Gold prices have already increased 10 per cent in 2025 to $2,900 (£2,300), but UBS has upgraded its target price for the precious metal again. UBS analyst Joni Teves said gold has had “unprecedented market dislocations” and reached a record high in 2024, but it’s only expected to move higher in 2025. Teves explained that [...]
Central banks and investors drive record demand for gold February 5, 2025 Demand for gold reached record highs in 2024 fuelled by “eye-watering” interest from central banks and global investors, a fresh report has said. Total demand reached 4,974 tonnes, and the value of global demand shot up to $382bn, over a year which saw the gold price surge by 26 per cent. Central banks hoovered up [...]
Precious metals funds boom as investors seek safe haven assets February 3, 2025 Indian investment funds tanked during January, as gold and Latin America-focused UK funds led the way in the first month of 2025. 47 of the 49 Investment Association sectors delivered a positive return last month, with only India funds (-5.2 per cent) and UK smaller companies funds (-0.9 per cent) losing out, according to data [...]
Gold rush: Royal Mint says investors flocking to buy bullion before new tax year February 3, 2025 Gold bullion sales are soaring as investors seek to protect themselves against political and economic turmoil – and from capital gains tax too. The Royal Mint says its revenue from gold bullion sales rose nine per cent over 2024 to reach a new record high. These sales rose 153 per cent in the final quarter [...]
Why the gold price will continue to rally in 2025 December 28, 2024 The untrammelled ascent of bitcoin has occupied the attention of many market watchers of late, with Donald Trump’s election to the White House sending the cryptocurrency – and others like it – on an eye-watering tear. Bitcoin has risen nearly 50 per cent since November 3 – the eve of the US election – while [...]
What’s in store for bitcoin in 2025 as Donald Trump returns to the White House? December 22, 2024 2024 was definitely the year of the bitcoin: The first bitcoin spot ETFs were approved in the US, the cryptocurrency reached an all-time high, and the fourth bitcoin halving occurred in April. The price of bitcoin now sits at over $84,000, up 142 per cent since the start of the year and 60 per cent [...]
US funds soar in November while gold prices sink December 2, 2024 US-focused funds topped the charts in November following Donald Trump’s presidential victory, while gold and precious metal funds struggled to maintain their previously strong performance. The average North America-focused fund grew by 7.2 per cent throughout the month, with North American Smaller Companies growing by a whopping 11.9 per cent. This led the best performing [...]
FTSE 100 drops as investors flee European stock markets over Russia-Ukraine fears November 19, 2024 Investors fled FTSE 100 stocks and European markets for safe haven assets this morning amid fears of fresh escalation in Russia’s war in Ukraine. Markets were spooked by Vladimir Putin’s move to approve an updated Russian nuclear doctrine, which could pave the way for the Kremlin to consider using nuclear weapons if it is subject [...]