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 …
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Australia’s government must present a comprehensive plan for future job creation as the country addresses the economic consequences of the coronavirus pandemic, Shadow Treasurer Jim Chalmers said on Friday. The government has announced a fiscal stimulus worth A $ 289 billion ($ 206.54 billion) around, around 14.6% of Australia’s GDP …
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The speech by United States Secretary of State Mike Pompeo criticizing China was an “angry regret” and an “extended ideological speech” that would do little to change Beijing’s behavior, said a former US diplomat in Asia. Specifically, Pompeo’s apparent attempt to unite the Chinese people against the Communist Party of …
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European stocks rose on Thursday as investors reacted to mounting tensions between the United States and China and a large amount of corporate earnings. The pan-European Stoxx 600 rose 0.5% in initial trade, with cars jumping 2.7% to lead profits, while profits lost 0.4%. Tensions between China and the United …
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Australia announced Thursday that its budget deficit is expected to widen significantly as it fights a coronavirus outbreak that ended the economy’s nearly three-decade streak of growth, one of the longest in any country in the world. The country’s budget deficit is forecast to widen significantly to A $ 85.8 …
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