The price of gold has been on an unstoppable surge, reaching record highs with spot gold recently hitting $2,449.89 per ounce. While the current price is slightly lower at $2,351.3, analysts are optimistic about the future trajectory of gold prices. The recent rally in gold prices can be attributed to various factors such as renewed
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Asia-Pacific markets experienced a boost on Monday as China’s industrial profits saw a 4.3% year-on-year increase in the first four months of the year. This news, based on official data released by the National Bureau of Statistics, fueled optimism in the region’s trading activities. In response to the positive industrial profit data, mainland China’s benchmark
The recent analysis from Asia equity analyst Yang Liu and a team at Morgan Stanley paints an optimistic picture for Tuya, a U.S.-listed Chinese company that generates most of its revenue from overseas markets. The analysts have increased their price target for Tuya and highlighted the potential for the company’s shares to rise substantially in
Recently, China conducted war games around Taiwan, which included simulated attacks with bombers and practicing boarding ships. These exercises were seen as a direct challenge by Taiwan, who condemned them as a “blatant provocation.” The surge of Chinese warplanes and warships in the region raised alarms and tensions between the two sides. The “Joint Sword
X CEO Linda Yaccarino recently spoke out against Australia following a dispute with online safety regulators. She criticized Australia for what she perceived as overreach in their attempt to block videos of a violent incident from being shared on the platform. Yaccarino argued that X was simply trying to protect the access to information for
Nvidia, a renowned chipmaker, experienced a significant milestone as its shares surged past $1,000 for the first time in extended trading following the release of its fiscal first-quarter results. This highlights the increasing investor interest in the company’s performance, particularly in relation to the ongoing AI boom. The company reported earnings that exceeded analyst expectations,
The current situation regarding inflation in the U.S. seems to have left Federal Reserve officials in a state of confusion, as per Julian Howard, the lead investment director of multi-asset solutions at GAM. This uncertainty was highlighted by Howard during an appearance on CNBC’s “Squawk Box Europe,” where he expressed his view that policymakers are
The Asia-Pacific markets experienced a mixed day on Tuesday as tech shares propelled the Nasdaq Composite to reach record highs. Nvidia’s shares saw a more than 2% increase following bullish analyst calls that emphasized the company’s dominant market position. As a result, several Wall Street firms raised their price targets on Nvidia, hinting at a
China recently decided to keep its one- and five-year loan prime rates unchanged, which had a significant impact on the market. The announcement gave a boost to the property market, as the five-year LPR is the reference rate for housing mortgages. This move led to a positive response in Hong Kong’s Hang Seng index, which
A helicopter carrying Iranian President Ebrahim Raisi and other officials suffered a “crash landing” on Sunday, as reported by state media. The exact condition of President Raisi and other passengers was unclear, with rescue efforts hindered by harsh weather conditions, including heavy fog in the area. At least 40 rescue teams, equipped with drones and