UK deficit rises; gold hits six-year high; Trump blasts Fed – as it happened

Rolling coverage of the latest economic and financial news, as gold bullion prices burst through $1,450 per ounce and the UK’s budget deficit swells

Earlier:

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Markets rattled as Trump escalates China trade war with tariffs on $200bn of imports – business live

All the day’s economic and financial news, as America begins process of imposing 10% tariffs on thousands more products from China

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Tariff fears drag markets down as EU and Trump trade blows – business live

All the day’s economic and financial news, as US president says Europe is “possibly as bad as China”, and EU threatens tariffs on more American goods

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Markets fall as Trump says trade wars are ‘good and easy to win’ – business live

Donald Trump’s plan to impose tariffs on steel and aluminium imports have caused international criticism, and sent markets sliding

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Markets rally after Trump’s tax victory – business live

All the day’s economic and financial news, as news that the US Senate has passed Donald Trump’s tax reform bill lifts shares and the US dollar

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UK suffers ‘notable slowdown’ as GDP rises by just 0.3% in Q2 2017 – business live

Rolling coverage as Britain’s economy posts its weakest six months of growth since 2012

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