Amid global tensions, the price of gold has surged to a new all-time high, exceeding $5,000 (approximately £3,700) per ounce. Geopolitical events, including President Trump’s Greenland acquisition threats and internal US tensions, have been driving this increase.
Experts predict that gold prices could continue to rise, possibly reaching $6,000 within the year due to growing uncertainties, robust central-bank and retail demand. Russ Mould, an investment director at broker AJ Bell, highlighted that investors are turning to gold as a traditional safe haven against the current volatile backdrop.
The significant price spike has prompted discussions about the role of gold in pension portfolios. Mike Ambery, retirement savings director at Standard Life, emphasized that while gold can provide a hedge during market uncertainty, it’s essential to comprehend its potential benefits and limitations before incorporating it into a pension.
For individuals considering gold investments, Ambery outlined two primary approaches for holding gold within a pension scheme, each with its own set of considerations. Physical gold is typically accessible through a Self-Invested Personal Pension (SIPP) and requires adherence to strict HMRC standards, such as storage in approved vaults, adding complexity and costs. Gold ETCs (Exchange Traded Commodities) track gold prices and are available on various mainstream pension platforms, albeit not universally supported by all schemes. Savers are advised to understand the differences in fees, risks, and practicalities before deciding on the suitable investment route.
A potential sale of online beauty retailer Beauty Bay is being explored as advisors have reportedly been engaged to review the company. Founded in 1999, Beauty Bay offers a wide range of brands, including its own products, and is considering new funding options, potentially including a complete sale of the business.
Labour is rumored to unveil support measures for the struggling pub industry in response to the closure of two pubs daily. The government is expected to announce a package of initiatives, possibly including assistance with business rates. However, the nature of the support, whether temporary relief or permanent tax adjustments, remains uncertain as the sector faces ongoing challenges.
Sainsbury’s has introduced significant discounts through its Nectar Prices program, offering half-price savings on selected fruit, vegetables, and dairy products until February 1, with some products remaining discounted until February 17. Customers can access these deals by scanning their Nectar card in-store or linking it to their online Sainsbury’s account.
Recent data shows a decline in British hospitality businesses, particularly in restaurants and casual dining establishments, with 382 net closures recorded in the final quarter of 2025. Despite a rise in bar numbers, the sector continues to face challenges, with increasing operating costs impacting business viability.
EDF is reintroducing its Sunday Saver challenge, offering customers free electricity on Sundays in exchange for reducing peak weekday consumption. Customers with smart meters can participate in the challenge until February 1, potentially earning hours of free electricity on select Sundays in February and March.
Ryanair anticipates robust profits following strong passenger numbers and increased fares, with average fares rising by 4% and additional revenue from add-ons. The airline aims for higher underlying profits for the year, buoyed by positive sales momentum.
Russell & Bromley is closing its first store post-acquisition by Next, with plans to shut down several locations. Next’s acquisition excluded most Russell & Bromley stores, prompting the closure of select outlets, signaling a shift in the brand’s retail presence.
A recent survey reveals that nearly half of UK consumers are open to using AI shopping assistants, with increasing acceptance across age groups. AI tools are gaining popularity for product recommendations and price comparisons, with more shoppers willing to entrust the entire shopping journey to AI technologies, indicating evolving consumer preferences in retail.
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