Legendary hedge fund manager Ray Dalio said the stability of the US dollar is threatened as tensions between Beijing and Washington could lead to a “capital war.” In an interview with Fox Business, Dalio said that if the US government prohibits investments in China or withholds payments on Chinese debt …
Read More »Warren Buffett may not be the ‘nice grandpa’ figure he introduces to the public, says Elon Musk
Warren Buffett has cultivated a public persona that may not match reality, Tesla CEO Elon Musk told the New York Times. The Berkshire Hathaway billionaire investor and CEO “managed to create a great image of himself as a lovable grandfather, which may overstate the case,” Musk said. Musk said he …
Read More »Gold prices could top $ 2,000 this year, analysts say
Gold prices could rise beyond the $ 2,000 level this year, as economic and geopolitical uncertainties lead to a race for safer assets, analysts predicted. On Monday morning during Asian hours, spot gold jumped to record levels, trading at $ 1,931.11 per ounce after previously rising to $ 1,943.92 per …
Read More »Gold prices hit record amid concerns over coronavirus, tensions between the United States and China
Ktsdesign | Science Photo Library Gold hit record prices as concerns over issues such as the coronavirus pandemic and tensions between the United States and China weighed on investor sentiment. On Asian trading hours morning on Monday, spot gold traded at around $ 1,931.11 per ounce after a previous trade …
Read More »Asian stocks trade mainly higher as China’s June industrial gains soar
Most Asian markets traded higher on Monday morning as investors continue to watch developments on issues like the coronavirus pandemic. Shares in Taiwan led gains among the region’s major markets, as Taiex soared 2.69%, and Taiwan Semiconductor Manufacturing Company shares rose nearly 10%. South Korea’s Kospi also saw robust gains …
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