Jin10 reported on October 8 that gold prices reached a new high today, breaking the £3000 per ounce (approximately $4023) mark for the first time and continuing the rise. Previously, dollar-priced gold had historically broken through $4000. In this extraordinary rise, investors and savers have continued to chase the price, driving gold prices higher and higher. Gold priced in pounds has doubled in price over the past two years, attracting more and more UK investors. The online precious metals trading platform BullionVault stated that the number of new UK users has reached its highest record since the pandemic in 2020. The number of new accounts opened in the UK in September surged by 87.6% month-on-month, and the number of first-time UK investors has more than doubled year-on-year, increasing by 213.5% compared to September 2024.
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