February Gold News 2023

Sterling enjoyed a small rally yesterday as the government announced an agreement on the next steps for Brexit. The Windsor Framework seeks to ease trade friction between the UK and Ireland.

There has been more volatility in currency and precious metal markets today following the latest US inflation figures released this afternoon.

Having reached a new UK record last week, the gold price has pulled back this week following a strong job report in the US. Markets are now trying to work out the direction the Federal Reserve will take on interest rates at their next meeting.

The price of gold has climbed to a new all-time high in the UK today as major countries announce their latest interest rate decisions.