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.
Tag: investors
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TOP TREND 2023, OFFICE BUILDING BUST: INVESTORS BACK AWAY FROM DOWNTOWN PROJECTS
Remote workers have moved out of city centers. Now investors are following them.
Real estate trusts focused on investment in downtown areas are trading at less than half their pre-COVID levels, The Wall Street Journal reported. Lenders are demanding extra interest to make loans against office buildings; bonds to support New York City’s bus and subway system have a hard time finding buyers.
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INVESTORS TRADE IN THEIR DOLLARS FOR EMERGING MARKET BONDS
With high interest rates and inflation easing, emerging economies are drawing a fresh influx of investment in their own local currencies.
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BIG TECH’S REALLY BAD WEEK
Investors chopped $566 billion from the collective market value of Alphabet, Amazon, Apple, Meta, and Microsoft last week as interest rates and rising costs foreshadowed slowing growth and weaker performances.