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Gold News

Welcome to the BullionByPost gold and silver news service. Our news team aims to cover all the latest headline stories affecting the gold and silver bullion markets, as well as reporting on other precious metals, the state of major currencies, and movements in the stock market.

We provide commentary on the state of the economy and wider current affairs or political decisions that impact the markets, giving our customers as much insight as possible and allowing them to make educated choices when it comes to buying and selling in the precious metals market, whether it's for investment purposes or a collection.

ONS: 18% of transport/storage firms are not operating

ONS: 18% of transport/storage firms are not operating

New data from the Office for National Statistics reports that 82% of transport and storage business are trading – a sizeable gap less than the average operational capacity of 90% for other sectors of the UK economy.

Gold has gained £5.64 per ounce today as a result of the report, pushing it further above the £1,300 milestone. The latest surge in demand follows an unusual “flash sale” two and a half weeks ago, but all losses have since been recovered in full.

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