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Updated2024/11/08 15:10
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Global gold exchange-traded funds (ETFs) recorded net inflows of US$4.3 billion last month, representing the sixth consecutive month of net inflows, juiced by inflows from North America and Asia, according to the World Gold Council (WGC). As of the end of October, these ETFs held 3,244 tons of gold, with a total asset value of U...
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The China Federation of Logistics and Purchasing (CFLP) released the October Commodity Price Index at 113.4, marking a MoM growth of 3%, indicating improved market supply and demand as well as accelerated business production activities.Specifically, the rise in the price index was mainly attributed to the widespread increase in ...
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This morning (30th), gold prices maintained its strength from last night (29th), touching a new peak during the Asian trading session. Spot gold last added 0.2% to US$2,780.28 per ounce, and gold futures for December delivery also rose 0.4% to US$2,792.3 per ounce. Some gold miners listed in Hong Kong fared well. LINGBAO GOLD (0...
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HSBC Global Research remarked in its report that ZIJIN MINING (02899.HK)'s 3Q results slightly beat expectations thanks to increased exports, higher gold profits, and one-time investment gains.The broker also noted that while copper exports were below guidance and gold exports aligned with expectations, lithium projects are ...
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Spot gold once surged on Monday (21st) to a record high of US$2,732 per ounce amid uncertainties surrounding next month's US election, tensions in the Middle East, and interest rate cuts by central banks worldwide.The market's expectation of Donald Trump's victory in the US presidential election is heating up, drivin...
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