inflation

A key risk to gold's current rally is a sudden resurgence in inflation, which could prompt the Federal Reserve to raise rates, he added.

The Conservatives have not committed to changing the triple lock, which guarantees that the state pension will go up each year in line with either inflation, wage increases or 2.5% - whichever is the highest.

This marked a bright spot in an industry wrestling with the fallout from still high interest rates and buyers on edge over inflation, tariffs and the wider economy.

She also has to contend with a sluggish economy and Japanese households struggling with relentless inflation and a stagnant wages.

UCLA’s report notes that the labor market “deteriorated notably” in June while inflation pivoted away from a path of “gradual normalization” onto a rising trajectory.