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Updated 02:50 15/11/19

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November Gold News 2019

The Central Bank of the Republic of Turkey (CBRT) was the largest buyer of gold for national reserves of any nation in the third quarter of 2019, acquiring an additional 71.4 tonnes of gold bullion.

Pressure from US sanctions and President Trump's threats towards the Turkish economy are believed to be behind President Erdogan's push to ditch the US Dollar from the reserves for gold.

12 Nov 2019, 4:06 p.m.

The Bank of England has published fresh data on the forecast for the UK economy’s performance for 2020, revising August’s prediction for next year down by 1%.

The downgrade hit the Pound's value against the basket of major currencies, but market analysts believe this might be an indicator that the BoE will cut interest rates early next year to boost investment.

8 Nov 2019, 1:18 p.m.