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August Gold News 2021


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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