| Created |
Title gold - Len = 10 news. |
Detail |
| 2024-10-28 14:01:23.999472 |
El-Erian: Dollar Diversification Fuels Gold's Unprecedented Rally |
Mohamed El-Erian attributes the recent surge in gold prices to a deliberate move by global financial institutions to diversify away from the US dollar. This trend is driven by central banks slowly reducing their dollar reserves and a gradual shift away from the dollar-based payment system. Recent events, such as Russia's economic resilience despite sanctions and perceptions of inconsistent US foreign policy in the Middle East, have accelerated this diversification process. |
| 2024-10-28 14:01:24.011822 |
BlackRock: Opportunity Cost of Holding Gold is Falling |
As interest rates decline, the relative appeal of gold is increasing, according to BlackRock's Karim Chedid. He notes that gold's non-yielding nature is less of a drawback in this environment, positioning it as a valuable diversification hedge for investors seeking to balance their portfolios. |
| 2024-10-28 14:01:24.020806 |
High Prices Reshape China's Gold Consumption Patterns in 2024 |
China's gold consumption dropped 11.18% in the first three quarters of 2024 due to high prices deterring jewelry purchases. While gold jewelry demand fell 27.53%, purchases of gold bars and coins increased by 27.14%. Despite a slight dip in domestic gold production, overall output rose 3.2% year-on-year. |
| 2024-10-28 14:01:24.027078 |
Gold Rally Pauses: Money Managers Raise Net-Long Positions in Gold |
Gold prices retreated slightly from record highs after Israel's restrained strikes on Iran eased geopolitical tensions and reduced safe-haven demand. While gold remains supported by factors like expected Fed rate cuts and central bank buying, the targeted nature of Israel's response has opened the door for potential de-escalation in the Middle East conflict. |
| 2024-10-28 14:01:24.033032 |
Gold Prices Pause Ahead of Key U.S. Economic Indicators |
Gold prices dipped slightly Monday morning as investors await key U.S. economic data that could influence the Federal Reserve's interest rate decisions. Despite reaching record highs recently, gold faced pressure from a stronger dollar and rising Treasury yields. Analysts remain optimistic, with UBS projecting gold to hit $2,900/oz within 12 months, driven by expectations of lower U.S. interest rates. |
| 2024-10-29 08:01:15.807461 |
Trump claims shared by Joe Rogan obliterated by The View host Whoopi Goldberg |
Goldberg pointed out three big errors with Spotify podcast host’s assertions |
| 2024-10-29 14:01:44.523566 |
HSBC Unveils New Gold Token at Hong Kong Fintech Week |
HSBC introduced its gold token at Hong Kong Fintech Week, representing the first bank-issued real-world asset token linked to physical gold. Launched in June 2024 for Hong Kong residents, each token equals 0.001 ounces of gold and is based on a private distributed ledger. The token allows for fractional gold ownership, easier buying and selling, and has attracted 20,000 holders, with 90% being new to gold investments. |
| 2024-10-29 14:01:44.547975 |
Election Uncertainty and Economic Data Drive Gold's Ascent |
Gold prices are approaching record highs as investors focus on the upcoming U.S. presidential election and key economic data releases. The precious metal's value has increased by about a third this year, driven by central bank purchases and safe-haven demand amid global conflicts. The tight race between Kamala Harris and Donald Trump is creating uncertainty, further highlighting gold's role as a safe investment. |
| 2024-10-29 18:01:19.264183 |
Scientists discover 450 million-year-old fossil in fool's gold |
The fossil of an ancient relative of spiders has been found perfectly preserved by fool's gold. |
| 2024-10-29 20:01:23.189960 |
Gold Hits Record High Price BUT Is SILVER the Buying Opportunity? |
Gold has just hit an all-time high of over $2,750 per ounce, shattering predictions and making 2024 a record-breaking year for the precious metal! |
| Created |
Title Tesco - Len = 1 news. |
Detail |
| 2024-10-28 21:01:17.659953 |
Tesco's top 10 2024 Christmas toys include seven under £20 and Bluey item |
There's a wide range of products on the Tesco Christmas toys for 2024 list, with traditional toys such as wooden train sets and racing car sets sitting alongside toys from popular TV shows such as Bluey |
| Created |
Title Lloyds - Len = 1 news. |
Detail |
| 2024-10-28 11:01:15.950148 |
Lloyds and Bank of Scotland to introduce new £8.50 a month charge for some customers |
Major high street bankers Lloyds and Bank of Scotland have announced plans to introduce fees for currently free accounts - with added fees over a set number of electronic payments |