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Top related persons:
Peter Fung - 1 Bernard Sin - 1 Harshad Ajmera - 1 JJ - 1 Anushree Mukherjee - 1 Swati Verma - 1 Rajendra Jadhav - 1 Maju Samuel - 1
Top related locs:
China Japan India Greater China Kolkata Local Hong Kong Singapore
Top related orgs:
Chinatown - 1 Metals - 1 People's Bank of China - 1 U.S . - 1 MKS - 1 JJ Gold - 1 Traders - 1 Rajendra - 1

Search resuls for: "Peter Fung"


2 mentions found


☆ Asia Gold India discounts widest in seven weeks, China premiums bounce back
  + stars: | 2023-09-08 | by ( Rajendra Jadhav Swati Verma | Rajendra Jadhav | Swati Verma | ) www.reuters.com   time to read: +2 min
In top consumer China, premiums climbed to as high as $55 an ounce over global spot prices this week, traders said, from $20-$38 last week. The policy-measures to support the economy are expected boost physical gold demand, said Peter Fung, head of dealing at Wing Fung Precious Metals. Official data on Thursday also showed that the People's Bank of China increased its gold holdings to 69.62 million fine troy ounces at end-August. Local gold prices were trading around 59,200 rupees per 10 grams on Friday, up nearly 2% in three weeks. In Japan, where domestic gold rates were trading at record levels this week, dealers charged $0.5 premiums.
Persons: Peter Fung, Bernard Sin, Harshad Ajmera, JJ, Anushree Mukherjee, Swati Verma, Rajendra Jadhav, Maju Samuel Organizations: Chinatown, Metals, People's Bank of China, U.S ., MKS, JJ Gold, Traders, Rajendra, Thomson Locations: China, Japan, India, Greater China, Kolkata, Local, Hong Kong, Singapore, Tokyo, Bengaluru, Mumbai
☆ Gold pulls back on dollar strength, hawkish Fed view
  + stars: | 2022-09-29 | by ( ) www.cnbc.com   time to read: +1 min
Gold prices retreated on Thursday, as prospects for more U.S. interest rate hikes and a subdued outlook for global economic growth bolstered the dollar. Spot gold was down 0.3% at $1,653.79 per ounce, as of 0404 GMT, after rising about 2% in its biggest daily gain since March on Wednesday. "Our expectations are for gold to stage a relief rally towards $1,680/oz with no new information or market events." The dollar index advanced 0.2%, edging towards its recent 20-year high, buoyed by renewed pressure on the pound. Atlanta Fed President Raphael Bostic said on Wednesday his baseline outlook is for the U.S. central bank to hike rates by three-quarters of a percentage point at its November policy meeting and by half a percentage point in December.
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