-
Why China loves gold and why they’re buying plenty of it
Up until a couple of weeks ago, the gold price was on a mighty tear in 2024, extending a rally that started in early October. There are several plausible theories for gold’s >30% gain since then, including central bank buying due to de-dollarisation, slower than expected disinflation, and rising tensions in the Middle East. chart Whatever the reason, along with copper, gold has been one of the hottest investment themes tantalising Aussie investors this year. At its peak on 19 April, the S&P/ASX All Ordinaries Gold (XGD) sub-index had gained 32% in just 7 weeks – such is its sensitivity to the gold price. But ... (full story)
- Comments
- Subscribe
-
- Older Stories
From news.metal.com|May 7, 2024Overnight, LME copper prices opened at $9,953/mt and fell to $9,951.5/mt, but then rose to $10,118/mt before closing at $10,009.5/mt, up 0.96%. Trading volume was 27,000 lots and ...
From ecns.cn|May 7, 2024China's economy is poised for a steady rebound throughout this year, underpinned by consumption-led recovery, a robust foundation laid in the first quarter and the gradual ...
From forexlive.com|May 7, 2024|7 commentsBank of Japan Governor Ueda: • Don't see yen moves as having a big impact on trend inflation so far but there is risk impact could become more significant in the future. • Don't ...
-
- Newer Stories
From asiatimes.com|May 8, 2024As tensions rise in the South China Sea and the threat of a war over Taiwan becomes more palpable, the US Pentagon is stepping up its regional defense diplomacy in a potent ...
From theconversation.com|May 8, 2024|3 commentsThe Reserve Bank is now assuming Australians will see no interest rate cuts this year – and quite possibly none before the next federal election, due next May. That’s a big change ...
From destatis.de|May 8, 2024According to preliminary information from the Federal Statistical Office (Destatis), real (price-adjusted) production in the manufacturing sector fell by 0.4% in March 2024 ...
- Story Stats
- Posted: May 7, 2024 11:21pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 260
