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Bank of England warns of risk of AI market correction; gold hits new $4,000 an ounce record – business live

The Guardian•Wednesday, October 8, 2025 at 12:01:32 PM

NegativeFinancial Markets

Bank of England warns of risk of AI market correction; gold hits new $4,000 an ounce record – business live

The Bank of England has issued a warning about a potential correction in the AI market, suggesting that soaring tech valuations may face a downturn due to disappointing advancements in artificial intelligence. This comes as gold prices have reached a record high of $4,000 an ounce, reflecting a significant increase over the past two years. The news is particularly relevant as it highlights the volatility in tech investments and the contrasting stability of gold, which has seen a remarkable rally this year. Additionally, Peter Hargreaves, co-founder of Hargreaves Lansdown, is retiring, marking a significant change for the UK's largest personal investment platform.

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