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Gold
2948.81
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70.687
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150.085
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GBP/JPY
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Real-time News
February 25, Indias gold imports in February will fall 85% from the same period last year to the lowest level in 20 years as record high gold prices hit demand, a government official and three bank traders said. Reduced gold imports will help India narrow its trade deficit and support the Indian rupee. India is the worlds second-largest gold consumer. "Banks and jewelers have cleared very little gold from customs so far this month. Unless gold prices plummet in the next two or three days, we are unlikely to see any improvement in import figures," said a government official. The official added that Indias gold imports in February may fall to around 15 tons from 103 tons in February 2024, the lowest in at least 20 years. Over the past 10 years, Indias gold imports in February have averaged 76.5 tons. "The surge in prices has stifled demand, and there is still a lot of inventory of gold imported in January. There is no need to import more gold in February," said the head of the precious metals department of a gold importing bank in Mumbai.Nissan Motor fell more than 9%, and Musk denied that he would invest in Nissan.Mitsubishi Corporation rose more than 7% and Marubeni rose nearly 4%. Buffett expects to invest more in Japanese trading company stocks.February 25th, Musk: According to the president’s decision, federal employees will be given another chance, and failure to respond a second time (to write weekly emails) will result in dismissal.Japans corporate services price index was -0.5% month-on-month in January, compared with 0% in the previous month.
