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

AI 'circular financing' raises dot-com bubble concerns

AI 'circular financing' raises dot-com bubble concerns

Quilter’s Marcus Brookes discusses at PA360 North

Sophia Panayi
clock 05 October 2026 • 3 min read
HNWIs embrace bitcoin as a diversifier amid bond and equity convergence

HNWIs embrace bitcoin as a diversifier amid bond and equity convergence

Full crypto regulation from next year

clock 05 October 2026 • 4 min read
Stock market crashes – the rational and the emotions

Stock market crashes – the rational and the emotions

'Several characteristics associated with previous pre-crash periods are present today'

Paul Wood
clock 30 September 2026 • 5 min read