Analysts point to delays in the reporting of economic data due to the US government shutdown as one reason for the rise.
Gold does not produce income but it holds value over long periods of time without depending upon any government to manage it.
President Donald Trump’s tariff threats have created such strong demand for UK-held gold, traders are facing potentially weeks-long queues for a chance to withdraw it. All existing slots at the Bank ...
Kenya is currently engaged in negotiations with the Bank of England (BOE) to diversify its foreign reserves by incorporating ...
Gold exchange-traded funds (ETFs) added 146 tonnes of the precious metal last month, according to World Gold Council (WGC) ...
Gold is being flown from London to New York in unusually high volumes. Gold held in the UK's central bank has been trading at a discount due to tariff fears. The metal has been trading at record highs ...
Others in the region including Zambia and Ghana are already building reserves, while Rwanda and Uganda plan to follow suit.
London is in the grips of a gold shortage as traders line up for weeks to get bars out of the Bank of England and ship them to the U.S. amid fears that the new Trump administration will levy tariffs ...
The Bank of England's latest financial policy committee review was pretty blunt: "On a number of measures, equity market ...
Nigeria and Kenya have emulated Ghana and have now joined the growing trend of African central banks moving to buy gold to ...
The Bank of England has warned of the risk of an AI-bubble, after it assessed some company values in the sector as "stretched". In a report out today, officials at the bank’s Financial Policy ...