Global tensions have driven the price of gold to a new all-time high of over $5,000 per ounce. The surge in gold prices is attributed to significant geopolitical events, including President Trump’s Greenland acquisition threats and internal unrest in the US. Experts predict that gold prices could continue to rise towards $6,000 this year due to increasing uncertainties and robust demand from central banks and retail investors.
Russ Mould, investment director at broker AJ Bell, noted that gold surpassing the $5,000 mark indicates investors seeking the traditional safe-haven asset amid a volatile environment. The escalating prices have sparked discussions about incorporating gold into pension portfolios.
Mike Ambery, retirement savings director at Standard Life, highlighted that while gold can be a valuable asset during market uncertainties, individuals should weigh the potential benefits and limitations before making investment decisions. He explained that unlike other precious metals utilized in industries, gold’s value primarily stems from its historical role as a store of wealth.
For those interested in holding gold in their pension, Ambery outlined two primary methods: physical gold through a Self-Invested Personal Pension (SIPP), which necessitates strict HMRC standards and storage in approved vaults, or Gold Exchange Traded Commodities (ETCs) accessible through mainstream pension platforms. Each option carries distinct considerations in terms of fees, risks, and practicalities, requiring savers to understand the variances before determining the most suitable approach.
In other news, Beauty Bay, a prominent online beauty retailer founded in 1999, is reportedly exploring strategic options, including a potential sale of the business. The advisory firm Interpath is said to be working with Beauty Bay on this initiative.
Additionally, Labour is rumored to be preparing to unveil support measures for the struggling pub industry in response to the closure of two pubs daily. The expected package may involve relief on business rates; however, it remains uncertain whether the assistance will be temporary or permanent to address the industry’s challenges.
Sainsbury’s has announced significant discounts on various products through its Nectar card scheme, offering half-price savings on select items until February 1, with some deals extending until February 17. Customers can access the discounted prices by scanning their Nectar card in stores or linking it to their online Sainsbury’s account.
Furthermore, data from NIQ revealed that the hospitality sector witnessed a considerable number of closures in the final months of 2025, with restaurants and casual dining establishments particularly affected. The challenges faced by the industry are attributed to escalating operating costs, weak business confidence, and sluggish sales growth, posing ongoing difficulties for hospitality businesses in the coming year.
On the energy front, EDF is reintroducing its Sunday Saver challenge, offering customers free electricity on Sundays in exchange for reducing peak consumption on weekdays. The promotion, available to customers with smart meters, will run throughout February and early March.
Budget airline Ryanair reported a surge in passenger numbers and fare prices in the past quarter, leading to a positive outlook for full-year profits. The company anticipates underlying profits to significantly surpass the previous year’s earnings, supported by increased bookings and revenue from add-ons.
Lastly, a recent survey by Adyen revealed a growing acceptance of AI shopping assistants among UK consumers, with nearly half open to letting AI handle their entire shopping experience. The shift towards AI-driven shopping experiences underscores the evolving consumer preferences and the need for retailers to enhance payment infrastructure to support secure and seamless transactions.