Gold’s price has rocketed up 33 percent since 2023 began, recently topping $2,450 an ounce last week.
Tag: China
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SPOTLIGHT: CHINA’S ECONOMIC STRUGGLE
Several cities in China are enacting a policy authorized recently by Beijing: buying partially built homes from developers and completing the units as affordable apartments for low- and middle-income families.
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SPECIAL REPORT: CHINA RECONFIGURES THE GLOBAL AUTOMOBILE BUSINESS
China has become not only a vital market for most of the world’s major automakers, but its cars are among the world’s most technologically advanced.
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SPECIAL REPORT: CHINA TRADE WAR 2.0
U.S. president Joe Biden has slapped additional tariffs on some Chinese products entering the country and added new levies on others.
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SPOTLIGHT: CHINA’S ECONOMIC STRUGGLE
On 17 May, China will open the sale of a trillion yuan worth of bonds—about $138 billion—to help it stand its economy back up after almost three years of weakness and turmoil.
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GLOBAL DEBT SETS NEW RECORD AT $315 TRILLION
In this year’s first quarter, nations took on another $1.3 trillion in debt, pushing the worldwide total to $315 trillion, the Institute of International Finance (IIF) reported.
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SPOTLIGHT: CHINA’S ECONOMIC STRUGGLE
At a 30 April meeting, China’s Politburo—the small group that sets government policies—signaled that mortgage interest rates will be lowered again and that aid would be offered to floundering real estate developers.
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SPOTLIGHT: CHINA’S ECONOMIC STRUGGLE
Profits in China’s industrial sector fell last month on fewer exports and pressures from the country’s ongoing deflationary cycle that did little to spur the consumer economy.
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SPOTLIGHT: CHINA’S ECONOMIC STRUGGLE
China’s economy grew by 5.3 percent, year on year, according to the National Bureau of Statistics (NBS).
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SPECIAL REPORT: THE NEW BULL MARKET IN COMMODITIES
Gold for June delivery reached $2,448.80 on 13 April before ending the day at $2,374.10, with central banks still on their gold-buying spree.