{
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investors drive gold demand to record highs amid rising prices and concerns

Investors' "fear of missing out" has driven gold demand to record levels, with global demand surpassing $100 billion in Q3, primarily fueled by investment purchases. Despite high prices leading to a 49% drop in central bank purchases, total investment demand more than doubled, while jewellery consumption fell 7%. Gold prices surged 34% this year, reaching a new high of $2,788 per troy ounce, amid geopolitical tensions and concerns over rising government debt.
@FinancialTimes
United States Dollar World Gold Council,an Association USA John Reade Roula Khalaf
Finance & Economy, Market Report
08:27 30.10.2024

asia markets decline as hyundai shares drop and gold hits record high

Asia markets mostly declined following a slip in major U.S. indexes, with Hyundai Motor India shares dropping over 5% on their debut after a $3.3 billion IPO. Meanwhile, YG Plus shares surged nearly 30% after a collaboration track by Blackpink's Rosé topped streaming charts. Gold prices hit a record high of $2,700 per ounce, driven by central bank buying and macroeconomic uncertainties, while JPMorgan highlighted potential catalysts for a rally in Xpeng shares.
CNBC
South Korean Won United States Dollar Indian Rupee JPMorgan Chase & Co. Hyundai Motor XPeng Inc. Scotiabank Covered Bond GP Inc. IND KOR USA Nick Lai Neel Kashkari John Reade Solita Marcelli Michael Widmer Show more
Finance & Economy, Market Report
01:53 22.10.2024
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