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Evening Standard
Evening Standard
Business
Anna Wise

Gold price rally helps drive surge in profits for Ramsdens

More people are pawning jewellery amid a lack of quick credit options, Ramsdens said (Ramsdens/PA) -

Higher gold prices have helped drive a 50% surge in precious metal profits for high street lender and retailer Ramsdens, which said it is raising its outlook for the year.

Gold prices have been soaring as investors pile cash into the so-called “safe haven” asset amid wider turmoil in the financial markets.

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