Gold price reached a new high of over £2,060 an ounce on 16 October, prompting investors to sell gold for profit and invest in tax-saving gold coins. The Royal Mint reported a surge in demand for gold coins, with revenues increasing by 110% in the third quarter of 2024. The rise in gold prices, geopolitical uncertainty, and falling interest rates have contributed to a 20% increase in the gold price in sterling this year, driving investors towards tax-efficient investments like gold coins to protect their gains and reduce tax bills.
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Wolfspeed Soared Today — Is the Stock a Buy?
Wolfspeed (NYSE: WOLF) stock surged 8.4% in Tuesday's trading, driven by speculative momentum and chip industry news, despite no specific business updates, following its Chapter 11 bankruptcy filing in June. Remarkably, the stock has risen 273% since the bankruptcy announcement, with early gains reaching 22.9%. Explain It To Me Like I'm 5: Wolfspeed's stock went up a lot today, even though there wasn't any big news, because people are excited about the company and hoping...
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