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 [...]
HSBC UK warns millions over new gold scam November 4, 2024 HSBC UK has issued a warning to almost two million of its customers about a new gold scam. The banking giant has told people to watch out for an impersonation scam which involves buying gold and handing it over to criminals for “safekeeping”. HSBC UK added that it is contacting customers in a bid to [...]
Gold glitters as investors seek safe haven amid geopolitical tensions October 21, 2024 Gold prices surged to an all-time high of $2,730 (£2,093) this morning as investors sought safe-haven assets amid rising geopolitical tensions. This means that the price of the yellow metal has surged 38 per cent this year. The rally has come as conflict intensified between Lebanon and Israel, with fears growing over a broader regional [...]
City chief goes all in on gold amid government borrowing surge September 30, 2024 A City manager has gone all in on gold as government borrowing has spiralled to "bonkers" levels as a measure against inflation.
Centamin set for £1.9bn takeover by gold mining giant Anglogold Ashanti September 10, 2024 The South African gold mining giant said Centamin was a "compelling strategic fit", highlighting the firm's Sukari mine in Egypt.
Gold hits record high on hopes of Fed rate cut August 20, 2024 The price of gold hit an all time high of $2,513.79 (£1,932.87) per ounce on Tuesday morning as investors hope the US central bank will cut interest rates. The surge in the price of the precious metal, a safe haven asset for investors due to its real world use cases and widely held intrinsic value, [...]
All that glitters is gold: Investors flock to safe haven bullion amid market turmoil August 9, 2024 Amid the market turmoil at the start of this week, retail investors flocked to the safe haven asset of gold as they wrongly feared stocks would continue to sink. Bullion trading on the Royal Mint’s website shot up by 336 per cent on Monday compared to the average throughout the year, with the numbers of [...]
Yellow fever: Central banks and private investors keep demand for gold buoyant July 30, 2024 Private investors and consistent demand from central banks where the two dominant behind the second quarter's consecutive all-time highs in the gold price an industry report has found.