XAU/USD Current price: $2,903.97 Fed Chairman Jerome Powell testified before Congress, said nothing new to markets. The US January Consumer Price Index is expected to remain stable at 2.9% YoY. XAU/USD attracts buyers on dips, higher highs still likely. Spot Gold peaked at $2,942.76 early on Tuesday, reaching yet another record high before giving up.
Savers are set to see big reductions on the amounts they earn in interest from their cash after Thursday’s Bank of England base rate cut, experts have warned. The Bank of England has slashed the rate from 4.75 per cent to 4.5 per cent. Returns on savings tend to fall as the base rate does.
The World Gold Council said Russians bought 75.6 metric tons of gold last year, up by 6% from 2023. Gold is a safe-haven asset that’s often in demand amid high inflation and geopolitical tensions. The price of gold hit a record on Wednesday, jumping above $2,900 an ounce. Russian consumers are buying record amounts of
Gold prices hit new highs amid US tariff uncertainty and retaliatory measures from Canada. Safe-haven demand and inflation concerns drive gold prices up, despite a strengthening US dollar. Technical analysis shows bullish momentum for gold, with potential for further upside if key support levels hold. Gold prices have been on a seesaw today as US President
FEBRUARY is nearing, and there are some major money changes on the way. A new alcohol tax regime is coming into effect while a key Warm Home Discount date will land during the month. 1 We’ve rounded up the big money changes coming in FebruaryCredit: Getty Plus, a big change to eBay fees and a
Gold has consistently been a safe-haven asset, attracting investors during periods of economic uncertainty or geopolitical tensions. Recent developments in global trade, inflation expectations, and monetary policies have significantly impacted gold prices. On January 22, 2025, the gold market showed notable bullish momentum, driven by fundamental and technical factors. This article explores these drivers and
Gold gains even as US dollar rallies. Haven flows, inflation hedging and CB buying the main drivers. Another record high may be a matter of time. The outlook could change if markets start projecting rate hikes. Gold does not surrender to strong Dollar Gold has been one of those assets that has been trading in
Despite experts predicting inflation will rise over 2025, December’s figure fell to 2.5 per cent Inflation fell to 2.5 per cent, according to figures released by the Office for National Statistics (ONS) on Wednesday. This is down from November’s level of 2.6 per cent despite experts predicting it would hold at this level, if not
UK average earnings have hit a six-month high, according to the Office for National Statistics (ONS). UK average wages rose by 5.6% in the three months to November, up from 5.2% for the previous three months. 1 Official figures have been released this morning Meanwhile, annual average earnings were up 2.2% from the year before,
The stock markets in the United States are closed on Monday, January 20, on account of Martin Luther King Jr. Day holiday. Every year on Martin Luther King Jr. Day, the US government is closed and people across the nation take part in a day of service. The US government shuts down on the third