Asia growth slows on commodities, Covid and rising interest rates

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Economic growth in Asia and the Pacific is poised to slow more than previously estimated this year amid headwinds from the war in Ukraine, a resurgent pandemic, and tightening global financial conditions, the International Monetary Fund (IMF) said. “Regional gross domestic product will expand by 4.9 percent, 0.5 percentage points less than we forecast in […]

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Global gold prices rose 8% in Q1; rate hikes a risk, but inflation, geopolitics remain key drivers – WGC

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Global gold prices rose 8% in the first three months of 2022, the best quarterly performance since Q2 2020, after rising a further 2% in March, as rapidly rising inflation and unexpected geopolitical risks more than offset the drag from higher nominal rates, the World Gold Council (WGC) said in its latest monthly report, adding […]

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COMMENT – No real impact on gold and silver from virtual Jackson Hole

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CARSTEN MENKE, Head of Next Generation Research, Julius Baer Even though the central bankers’ famous symposium in Jackson Hole lifted gold and silver prices on Friday last week, there should be no major fundamental impact on the markets. The key question remains whether the economy continues to recover or whether it slips back into recession. […]

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Gold prices will gradually appreciate throughout 2021, says Ed Moy

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Chief strategist for U.S. fractional gold retailer Valaurum and former U.S. Mint Director Ed Moy spoke to Biman Mukherji of indoasiancommodities.com about how policies of the incoming U.S. President Joe Biden administration and prevailing economic uncertainty is likely to fuel gold’s rally over the medium to long term. Moy believes that the favourable conditions for gold will remain intact […]

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India’s central bank keeps key rate unchanged amid optimism about economic recovery

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The Reserve Bank of India on Friday decided to keep the repo rate unchanged at 4% while pledging to keep its accommodative monetary stance unchanged for as long as necessary to cope with covid’s impact. The reverse repo rate was also kept at the the current leve of 3.35%. It noted that tbe global economy […]

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COMMENT – Gold, the simple math

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The current pullback in the precious metals sector is a buying opportunity. Since trading at a closing high of $2,064 an ounce on August 6, gold bullion has declined 8.34% as of this writing, says John Hathaway of asset management company Sprott Inc. Gold mining shares have followed suit, declining 9.26% since the August high.It […]

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