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Ounce Gram
Gold £1110.43 £35.701
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Updated 03:00 09/12/19

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December Gold News 2019

Pound Sterling has climbed to a seven-month high against the US Dollar this week, as markets become more confident of a Conservative victory in the upcoming General Election. The Pound is now at its highest since May 2019, hitting a high of $1.314 this morning – a gain of 2.29% in just a week.

5 Dec 2019, 11:36 a.m.

Figures from the BEGOS rankings of commodities show that, for 2019, gold has been the third-best performing asset – behind the S&P 500 stock market and oil.

Last year – specifically in Dollar terms – the price of gold actually declined year-on-year; down 1.7% versus 2017. This year, gold has gained over 14.5% in Dollars, rising to record-breaking prices in other currencies.

4 Dec 2019, 12:03 p.m.

Only a year since the record-breaking Douglas nugget was revealed to have been found in a Scottish river, another prospector has found an even larger specimen hidden on a riverbed, making this one Britain's largest ever gold nugget discovered.

4 Dec 2019, 11:32 a.m.

New figures published today by the Institute for Supply Management report that the manufacturing index for November has fallen to 48.1 points; down from 48.3 in October and a fourth consecutive month of sector contraction.

Contradictory data – this time from IHS Markit - showed a rise in the Purchasing Managers Index (PMI) from 51.3 points to 52.6.

2 Dec 2019, 5:07 p.m.