Big banks bet on gold rally as metals channel meme stock February 3, 2026 It’s all over for doughnuts and cameras as social media’s retail investors set their sights on a new favourite investment meme. Precious metals’ start to 2026 has been nothing short of a rollercoaster. Gold rose 65 per cent last year, hitting multiple fresh records as geopolitical tensions flared. Investors flocked to the traditional safe-haven asset [...]
FTSE 100 Live: Gold back on climb; Musk’s major Space X merger February 3, 2026 Good morning and welcome back to the City AM liveblog. It was quite the day for the FTSE 100 on Monday, with the index getting swept in the global metals sell-off in early trading before clawing its way out of the red and enjoying a steady stream of gains all the way to a record [...]
Gold meltdown takes shine off speculative rally February 2, 2026 The 12th Century theologian Alain de Lille could be forgiven a chortle on his heavenly cloud after witnessing the latest rollercoaster in gold prices. “Do not hold everything gold that shines like gold,” he warned over 800 years ago, a warning that many traders failed to heed in the latest speculative rally. Last Thursday the [...]
FTSE 100 hits fresh record after gold and silver rout February 2, 2026 The FTSE 100 hit a fresh record on Monday despite being swept up in a global sell-off of metals and tech stocks that had pushed Asian and European stock markets deep into the red earlier in the day. The UK’s blue-chip index closed up 118 points to end the day at an all-time high of [...]
FTSE 100 Live: Miners lead stock fall as gold rout deepens February 2, 2026 Good morning and welcome back to the City AM liveblog. There’s one big event the City is looking towards this week but all signs point to zero surprises. On Thursday, the Bank of England’s monetary policy committee will meet for the first time this year and decide whether to take the chop to interest rates. [...]
FTSE 100 Live: Gold rally eases; Trump warns UK on China trade January 30, 2026 Good morning and welcome to the City AM liveblog. As we round off the first month of trading, miners have dominated market activity. After becoming the FTSE 100’s top riser in 2025, gold miner Fresnillo has continued with gains in the new year, netting 20 per cent already. This is an inch below the FTSE [...]
Mining M&A hits new highs after $93bn worth of deals in 2025 January 29, 2026 Global merger and acquisition activity in the mining sector hit a thirteen year high last year, as demand for critical minerals ramped up. The aggregate value of global mining M&A activity hit $93.7bn (£67.9bn), the highest annual total since 2012 when $129.3bn of transactions were recorded, according to the latest survey from law firm White [...]
Gold continues to glitter as investor demand reaches record highs January 29, 2026 Gold has continued its record breaking rally, as investors and central banks scramble to get their hands on the safe haven asset in the face of ongoing geopolitical uncertainty. Total gold demand exceeded 5,000t for the first time in 2025, with the precious metal setting a staggering 53 new all time highs during the year. [...]
Dollar slides as ‘loss of confidence’ in US policy spikes debasement fears January 28, 2026 The US dollar had its worst day since President Donald Trump’s ‘Liberation Day’ tariff onslaught on Tuesday as investors dumped their exposure to the greenback. The DXY index – which tracks the dollar against a basket of other currencies – has slumped over two per cent since the beginning of the year. Amidst the dollar [...]
FTSE 100 Live: Pound at 2021 high as Trump shrugs at dollar woes January 28, 2026 Good morning and welcome back to the City AM liveblog. Has the mining sector’s rally finally run out of steam? It appeared so on Tuesday, where City banks helped lift the FTSE 100 out of the red as miners across the board sank despite the ever-increasing price of precious metals. Fresnillo – the best performing [...]