{"id":46368,"date":"2025-04-24T10:34:09","date_gmt":"2025-04-24T10:34:09","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/46368\/"},"modified":"2025-04-24T10:34:09","modified_gmt":"2025-04-24T10:34:09","slug":"stocks-slump-as-boe-warns-trade-war-will-hit-growth-and-uk-confidence-plunges-to-record-low","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/46368\/","title":{"rendered":"Stocks slump as BoE warns trade war will hit growth and UK confidence plunges to record low"},"content":{"rendered":"\n<p class=\"yf-1090901\">Gold (<a data-i13n=\"cpos:1;pos:1\" href=\"https:\/\/uk.finance.yahoo.com\/quote\/GC=F\/\" data-ylk=\"slk:GC=F;cpos:1;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \" target=\"_blank\" rel=\"noopener\">GC=F<\/a>) prices rebounded on Thursday, buoyed by bargain hunting after the precious metal slipped to a one-week low in the previous session amid renewed optimism surrounding US-China trade relations.<\/p>\n<p class=\"yf-1090901\">Gold futures were up 1.7% to $3,349.30 per ounce at the time of writing, while the spot price climbed 0.4% to trade at $3,330.04 an ounce.<\/p>\n<p class=\"yf-1090901\">The moves come after a volatile week for the yellow metal, which hit a record high of $3,500.05 on Tuesday before sliding below $3,300 on Wednesday.<\/p>\n<p class=\"yf-1090901\">Analysts attributed Thursday\u2019s rally to investors capitalising on the dip, reassured by resilient underlying fundamentals.<\/p>\n<p class=\"yf-1090901\">&#8220;The kind of volatility we&#8217;re seeing this week is being driven by technicals and headline risk. But the fundamentals are strong, so dip buying is effectively a function of investors moving in on the basis of the bigger picture,&#8221; Capital.com&#8217;s financial market analyst Kyle Rodda said.<\/p>\n<p class=\"yf-1090901\">Gold, which offers no yield, has long been viewed as a haven during times of geopolitical or economic uncertainty. That appeal appeared to strengthen further on Thursday following news of intensified <a data-i13n=\"cpos:2;pos:1\" href=\"https:\/\/uk.yahoo.com\/topics\/ukraine-crisis\/\" data-ylk=\"slk:conflict in Ukraine;cpos:2;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \" target=\"_blank\" rel=\"noopener\">conflict in Ukraine<\/a>. A deadly drone and missile assault on Kyiv by Russian forces \u2014 even as ceasefire talks, brokered by the US, continue \u2014 has heightened concerns over regional instability.<\/p>\n<p class=\"yf-1090901\">Adding to the bullish sentiment, JP Morgan analysts reiterated their forecast that spot gold could reach $4,000 per ounce by 2026, citing continued global macroeconomic uncertainty and persistent demand for safe haven assets.<\/p>\n","protected":false},"excerpt":{"rendered":"Gold (GC=F) prices rebounded on Thursday, buoyed by bargain hunting after the precious metal slipped to a one-week&hellip;\n","protected":false},"author":2,"featured_media":46369,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,4],"tags":[936,748,32,393,1880,4884,1144,25483,712,1219,16,15,1764,5190],"class_list":{"0":"post-46368","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-uk","8":"category-united-kingdom","9":"tag-bank-of-england","10":"tag-britain","11":"tag-donald-trump","12":"tag-england","13":"tag-ftse-100","14":"tag-great-britain","15":"tag-northern-ireland","16":"tag-open-economy","17":"tag-scotland","18":"tag-trade-war","19":"tag-uk","20":"tag-united-kingdom","21":"tag-wales","22":"tag-world-economy"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114392495806780060","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/46368","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=46368"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/46368\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/46369"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=46368"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=46368"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=46368"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}