Spot gold rises above $4,000 for the first time; car dealer Vertu Motors warns of £5.5m profit hit from JLR disruption – business live

The GuardianWednesday, October 8, 2025 at 9:45:02 AM
Spot gold rises above $4,000 for the first time; car dealer Vertu Motors warns of £5.5m profit hit from JLR disruption – business live
Spot gold has reached a historic milestone, surpassing $4,000 for the first time, reflecting a significant 50% increase this year, driven by central bank purchases and ongoing political instability. This surge in gold prices is noteworthy as it indicates a growing trend among investors seeking safe-haven assets amid economic uncertainty. Meanwhile, Vertu Motors has reported a £5.5 million profit hit due to disruptions from Jaguar Land Rover, highlighting challenges in the automotive sector. The retirement of Peter Hargreaves, co-founder of Hargreaves Lansdown, adds another layer of change in the investment landscape.
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