Citigroup predicts a rise in gold prices to 1 thousand 600 dollars in the next 12 months

Citigroup analysts believe that in the coming year, the price of gold could reach $1,600 per troy ounce if the US Federal Reserve reduces the base interest rate to zero and resumes the asset-buying program. On Friday, in the course of trading, gold rose in price to 1 thousand 411.63 dollars per troy ounce. The mark of 1 thousand 400 dollars was exceeded for the first time since September 2013. Demand for gold, as a defensive asset, rose at the end of last week amid increased tension in the Middle East caused by the incident with the US drone shot down by Iranian forces.

24.06.2019
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Sino-U.S. Trade Hopes rally Asian stocks

Sino-U.S. Trade Hopes rally Asian stocks Asian stocks rallied on Monday’s morning trade as China and the U.S. seemed close to agreeing on a “phase one” trade deal. The Office of the U.S. Trade Representative (USTR) said on ...
28.10.2019

Vietnam imposes duties on Chinese and South Korean steelmakers

Vietnam imposes duties on Chinese and South Korean steelmakers Vietnam had imposed five-year tariffs on Chinese and South Korean color-coated steel products after domestic producers said unfair pricing from overseas competitors forced them ...
28.10.2019

AIA’s share price climb following release Q3 business results

AIA’s share price climb following release Q3 business results Share prices of the Hong Kong-based insurer AIA Group Ltd climbed up 4% in Aisa after it had posted business results in the three months to September 30. In a statement released ...
28.10.2019

Oil prices slide despite easing Sino-U.S. trade tensions

Oil prices slide despite easing Sino-U.S. trade tensions Oil prices slid down on Monday in Asia despite easing Sino-U.S. trade tensions. China’s Office of the U.S. Trade Representative (USTR) said on Friday that Beijing and Washington ...
28.10.2019

Glencore to trim copper and zinc production targets

Glencore to trim copper and zinc production targets Glencore PLC said that it would produce slightly less copper and zinc in the year than initially planned. The world’s biggest commodity trader has trimmed their production targets from ...
25.10.2019
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