SGSPDRG@EP2605A(13339.HK)

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SGSPDRG@EP2605A

13339.HK

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News

Gold prices are soaring, but things are also in disarray.

Gold prices have surged to historic highs, leading to a nationwide rush to buy gold. However, this frenzy has exposed significant issues, including rampant counterfeiting and quality concerns. A recent incident involving a Chow Sang Sang pendant revealed substantial variations in gold content, raising alarms about purity standards. The market is plagued by fake certificates and fraudulent practices, with thousands of consumer complaints reported. Additionally, the gold recycling market is fraught with risks, as many platforms have collapsed, leaving consumers vulnerable to scams. The chaotic state of the gold market highlights the need for better regulation and consumer protection.

CoinLive·5 Hours ago

India January consumer inflation likely rose to 2.4% on food and gold prices: Reuters Poll

India's annual consumer inflation is expected to rise to 2.4% in January, driven by increasing food and gold prices, according to a Reuters poll. This marks the first month of a new data series based on 2024 prices and returns inflation to the Reserve Bank of India's target band. The median forecast reflects a significant increase from December's 1.33%. Economists anticipate core inflation to remain steady at 4.60%. The revised consumer price index will include new categories and reduce the food component's weight, aiming for less volatility in future inflation measurements.

Yahoo Finance·7 Hours ago

Yahoo Finance·7 Hours ago

The three major A-share indices of Shanghai and Shenzhen rose by 1.2% to 3.1% in the first half of the day, with strong performance in chip, photovoltaic, computing power, and commercial aerospace stocks

The three major A-share indices performed strongly today, with the Shanghai Composite Index rising 1.2% to 4,113 points, the Shenzhen Component Index increasing 2% to 14,194 points, and the ChiNext Index climbing 3.1% to 3,337 points. The central parity rate of the RMB against the US dollar was adjusted to 6.9523. The People's Bank of China conducted a reverse repurchase operation of 113 billion yuan, with a net injection of 38 billion yuan. Many stocks performed well, with real estate, chip, and photovoltaic-related stocks all seeing gains. International gold prices rebounded, and gold-related stocks also rose accordingly

AASTOCKS·13 Hours ago

AASTOCKS·13 Hours ago

PRECIOUS-Gold and silver extend gains on softer dollar

Gold and silver prices rose as the dollar weakened, with spot gold increasing 1.4% to $5,029.09 per ounce and spot silver up 2.5%. Investors are awaiting a key U.S. labor market report for insights on interest rate changes, with expectations of potential rate cuts in 2026. Asian stock markets also rose following political developments in Japan. Treasury Secretary Scott Bessent indicated the Fed may not quickly reduce its balance sheet, while San Francisco Fed President Mary Daly suggested more rate cuts may be necessary due to labor market weakness.

Reuters·16 Hours ago

Gold's 'safe haven' that's trading like a meme stock

Gold is increasingly viewed not as a safe-haven asset but as a volatile investment, akin to meme stocks. This week, gold prices rose nearly 14% year-to-date, with forecasts suggesting a potential increase to $6,300 per ounce by year-end, driven by demand from central banks and geopolitical instability. However, the recent volatility raises concerns about gold's reliability as a store of value. The contrasting performance of gold and cryptocurrencies highlights the need for diversification in investment strategies.

Yahoo Finance·02/07/2026 19:00

Yahoo Finance·02/07/2026 19:00