May 16, 2024
Investment

China’s gold markets under strain as horde of new buyers hunts for stable investment

April has been a busy month for the Hualin International Jewelry Market in Guangzhou. A scrum of eager buyers has descended upon the venue, looking to join a new gold rush as prices soar and the precious metal takes on new life as a vehicle for investment. Standing out as one of the few bets

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Investors

Opinion | It always pays for investors and home buyers to be prudent

The US Federal Reserve has kept interest rates on hold, but that was enough to spark a rally in major stock markets. American shares have hit new records; even the lacklustre Hong Kong and mainland Chinese markets got a boost. A cut this month was always going to be too optimistic; Fed officials expect three

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Finance

Muthoot Finance, Manappuram shares rally on spike in gold prices

Muthoot Finance share price jumped nearly 5%, while Manappuram Finance shares gained over 3% on Thursday after gold prices hit a record high following the US Federal Reserve monetary policy outcome. Gold rate on the Multi Commodity Exchange (MCX) spiked over 1.5% to hit a fresh high of ₹66,778 per 10 grams. In the international

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