Business news live: Gold price hits record high, Revolut hits $75bn valuation

Fintech firm Revolut are holding a secondary share price sale which could see employees earn a windfall – and values the firm at about $75bn (£55bn).

The banking app is allowing employees to sell up to 20 per cent of their holdings to existing and some new investors.

Individual shares will be priced at $1,381.06 (£1,020).

Revolut is expected to IPO in New York rather than London some time in the near future.

Here’s a piece from a couple of months back when gold made its previous tilt for $3,500 – it still stands now if you want a bit of a primer as to the factors behind the investment idea, what impacts on its price and what might come next.

Gold’s spot price rose again yesterday and overnight and this morning it’s more of the same.

A little sideways action is to be expected but the commodity is up more than 1.1 per cent across the past day and sits at $3,555.

It looks to have briefly breached $3,560 even, setting a new record high in the process.

Typically gold is bought as a ‘safe’ investment when there are fears in other markets over volatility.

Morning all and welcome to our rolling coverage of business news, stock markets and everything affecting your money.

Today the bond markets will be back in focus as well as gold and bitcoin, with another bout of uncertainty looking to hit investors.