UBSPDRG@EC2601A(16316.HK)

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UBSPDRG@EC2601A

16316.HK

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News

China's December net gold imports via Hong Kong fall about 24% from November

China's net gold imports via Hong Kong fell by about 24% in December compared to November, totaling 12.205 metric tons. This decline reflects the impact of elevated prices on demand, with domestic prices at a premium to international rates. Analysts suggest January's figures will be crucial for understanding stocking levels ahead of the Chinese New Year. Despite the drop, China's central bank continued its gold purchases for the 14th consecutive month, as gold prices surged over 64% last year amid geopolitical tensions and interest rate cuts.

Reuters·4 Hours ago

Deutsche Bank Commodity Outlook: In a structural bull market, a gold price of $6,000 is a "reasonable range," and the silver market is unlikely to stay detached from gold for long

Geopolitical turmoil and uncontrolled debt are the underlying logic for allocating precious metals. The rapid growth in demand for gold from central banks and ETFs has driven gold prices to continue rising. Deutsche Bank believes that any short-term pullback in gold should be viewed as a buying opportunity. Although silver is currently boosted by demand from China and India, its long-term gains will be constrained by gold prices as the gold-silver ratio reverts to the mean

Wallstreetcn·5 Hours ago

Wallstreetcn·5 Hours ago

Spot gold has rebounded to $5,100, rising 1.83% on the day.

Spot gold has climbed above $5,100 per ounce, up 1.83% on the day. (Jinshi)

CoinLive·6 Hours ago

Hong Kong stock market intraday | Hang Seng Index up 1.32%, gold sector performs strongly, MINIMAX rises 20% in the afternoon

The three major indices of the Hong Kong stock market rose across the board, with the Hang Seng Index and the Technology Index breaking through resistance at their recent highs, indicating strong short-term rebound momentum in the market. The gold sector strengthened overall due to safe-haven demand, while the retail sector continued to face pressure. Market trading focused on high growth and innovative technology sectors, with ADICON HOLDINGS, MINIMAX-WP, and FULLSHARE significantly surging during the session, showing notable movements in leading stocks. Funds favored technology as the main line and defensive stocks like gold, resulting in overall active market sentiment

Market Heartbeat·7 Hours ago

Market Heartbeat·7 Hours ago

Asian shares track Wall Street gains as gold edges lower

Asian shares rose on Tuesday, following gains on Wall Street, with the Nikkei 225 up 0.6% and South Korea's Kospi surging 1.9%. Gold prices fell 0.2% to $5,071.70, while silver dropped 5.1%. The Federal Reserve is expected to maintain interest rates amid ongoing inflation concerns. Key earnings reports from major companies like Meta and Microsoft are anticipated this week. U.S. crude oil prices decreased, and the dollar strengthened against the yen. Overall, financial markets are bracing for volatility due to upcoming economic indicators and corporate earnings.

AP News·9 Hours ago