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Even if trade tariffs and geopolitical issues shore up the US dollar, the price of gold is expected to set a new high in 2025, as central banks including that in China are likely to overweight gold, as Goldman Sachs said in its report.If major buyers such as the People's Bank of China (PBOC) hold large amounts of US dollar r...
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Gold prices have risen for 3 consecutive trading days, as the market is waiting for the latest inflation data of the US. Traders now anticipated that there is a more than 70% chance that the Fed will cut interest rates by 25 bps at this month's monetary policy meeting. Gold futures for February delivery last added 0.63% to U...
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Macquarie commented in its report that gold prices have the potential to rise next year and may even notch new highs, as the Fed continues to cut interest rates and central banks worldwide add their gold reserves.The broker expected that the average gold price will be US$2,650 per ounce in 1Q25, up 1.9% from the previous forecas...
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The HSI added 41 points or 0.2% to close at 19,705. The HSCEI inched up 6 points or 0.1% to close at 7,090. The HSTECH picked up 18 points or 0.4% to close at 4,413. The total market turnover for the day amounted to $114.671 billion.BABA-W (09988.HK) issued US$2.65 billion and RMB17 billion senior unsecured notes for debt repaym...
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Goldman Sachs released a report predicting gold to reach new highs in light of central banks' demand for gold and the prospect of US rate cuts next year. As a result, the broker listed gold among top commodity trades for next year with prices likely to rise further during US President Donald Trump's term, while reiterati...
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