DISPATCH RESUMED: We aim to dispatch new orders within 1 – 2 weeks. Older orders will be dispatched as soon as possible - Click for our latest coronavirus update

Open menu Close menu Menu
Open charts menu Close charts menu Charts

Call us: 0121 634 8060, 7 days, 7am - 10pm

Free Insured Delivery

Ounce Gram
Gold £1362.34 £43.800
Silver £14.118 £0.4539

Updated 20:10 04/06/20

£ $

Gold soars 2% on Portuguese banking worries

Adam Pike, News Editor
10 Jul 2014, 3:36 p.m.

The gold and silver price has risen sharply as the solvency of Portugal’s largest bank was put into question. Traders became concerned when Espirito Santo Financial Group missed a debt payment causing stock markets to fall and debt yields to rise. Shares in the bank fell a dramatic 17%.

Yields on Europe’s most indebted countries rose as the news reminded investors the euro zone is still vulnerable to a sovereign debt crisis.

U.S equities also experienced significant declines as the fears in Europe spread to the other side of the Atlantic.

View original source at: www.bloomberg.com

comments powered by Disqus