UK growth unexpectedly cooled  in August, signalling a slower pace of recovery into the back-end of the year. GDP rose by 2.1% in August, which was below the 4.6% expected, despite the eat out to help out scheme boosting the hospitality sector significantly. The food and beverage service activities industry grew almost 70% over July thanks to the easing of lockdown restrictions and the government […]

Gold ETF hits record, as economic uncertainty continues and inflation concerns rise, gold has emerged as a safe-haven asset, leading to a surge in demand for gold ETFs.

The surge in gold of $51 on August 16 took gold futures well above $2500 per ounce for the first time in history.

Gold surged to a new all-time high as traders absorbed economic data and comments from policymakers, while anticipating a series of key economic reports that could provide insight into the potential extent of further monetary easing by the Federal Reserve.

Stocks rallied, the dollar fell to a new low, and gold jumped as US front end rates tumbled after the Federal Reserve appeared to give a more cautiously optimistic outlook. The S&P 500 rallied more than 1%, the Nasdaq jumped 2% and the 2yr Treasury note yield fell to a two-week low.