Gold shoots to new high on euro worries

clock

Gold prices have hit another record high on the back of Euro sovereign debt concerns and inflation worries.

This morning, the price of gold rose 1% to a high of $1,422.30 a troy ounce. The precious metal's price has now surged 7.5% since the Federal Reserve said last week it will inject $600bn into the economy in its latest stimulus measure, dubbed "QE2". The Fed's action, which triggered widespread international criticism, has heightened inflation worries and increased interest in gold, seen as a safe haven during periods of economic uncertainty. Gold has also rallied on the back of renewed Euro debt concerns as investors mull Ireland's current economic difficulties. The country, which is ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

NextWealth MD Hopkins on staying ahead of advice sector changes, data challenges and flattening MPS fees

NextWealth MD Hopkins on staying ahead of advice sector changes, data challenges and flattening MPS fees

Making technology work better

Katrina Lloyd
clock 03 July 2025 • 9 min read
IFAs look to boost clients' private markets exposure

IFAs look to boost clients' private markets exposure

Expect increase in stock market volatility

Jen Frost
clock 02 July 2025 • 2 min read
Winds of change: Private markets access for retail investors

Winds of change: Private markets access for retail investors

Investing in LTAFs, accessibility aside, needs careful consideration

Dorian Hughes
clock 02 July 2025 • 5 min read