Gold

Gold (Forex Index pm fix) - Today's data summary

% change
-0.15%
Price dollars per ounce
1807.40
Change
-2.80
As of 05:58 29 Nov 2020

Gold (Forex Index am fix) - Today's data summary

% change
0.00%
Price dollars per ounce
1814.85
Change
0.00
As of 05:58 29 Nov 2020

Latest updates

  1. Video content

    Video caption: Huge gold coin worth $1m stolen from museum

    A Canadian coin, nicknamed the "big maple leaf", has been stolen from behind bulletproof glass in Germany.

  2. Sudan to launch gold stock exchange

    Russell Padmore

    BBC News Business

    A jewellery shop in Khartoum
    Image caption: It's Africa's third-biggest producer but many traders smuggle exports for better prices elsewhere

    Sudan plans to set up a market to trade gold that will set a standard price in line with global rates for the precious metal.

    Sudan is the third-biggest producer of gold in Africa behind South Africa and Ghana. In 2018 it produced an estimated 93 tonnes.

    But for many years gold has been smuggled out of the country, because better prices were available abroad.

    This is the latest step in the government's efforts to regulate an industry which promises to be a major contributor to the economy.

    The transitional government in Khartoum has been trying to overcome shortages of imported fuel and flour, with inflation running at 80%.

    There is an acute shortage of foreign currency and this week the US dollar rose to almost double the official rate of the Sudanese pound on the black market.

  3. Why gold refineries are springing up across Africa

    Video content

    Video caption: Governments want to stop the illicit trade of the precious metal

    Governments want to stop the illicit trade of the precious metal

  4. Gold reaches a fresh all-time sterling record high

    Gold bars

    Gold has now reached a fresh all-time sterling record high above £1,300 per ounce.

    It's up 12.7% in 2020 and has climbed 51.4% since David Cameron called the Brexit referendum four years ago.

    The weekend's sudden panic over coronavirus spreading worldwide has caught the stock market very stretched, and money managers are clearly buying gold to hedge against a downturn in the global economy," said Adrian Ash, director of research at BullionVault.

    "A pause in Covid-19 headlines might see gold take a breather too, but the metal has already risen in 10 of the last 12 weeks, and the broader outlook for lower growth and lower interest rates is increasing the metal's appeal as a form of investment insurance."

  5. Industrial metals slump as gold shines

    Gold

    Gold may be reaching its highest-ever price in pounds as investors flee to its perceived safety, but some less precious metals are not proving so popular today.

    Zinc has hit its lowest level since June 2016 while copper and aluminium are at their weakest level in about two weeks.

    Industrial metals prices are slumping on fears the spread of the coronavirus outside China will further hit global growth and metals demand.

    "It's a wave of uncertainty back in financial markets, which is pulling prices lower today. It's a clear risk-off move," said analyst Carsten Menke at Julius Baer in Zurich.

  6. Video content

    Video caption: Basingstoke family watch home being burgled on CCTV

    Risham and her family watched burglars steal valuables from their home on apps linked to their CCTV system.