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On January 30th, Montage Technology announced on the Hong Kong Stock Exchange that it plans to issue 65,890,000 H shares (subject to the exercise of the over-allotment option) for its Hong Kong listing, priced at no more than HK$106.89 per share. Trading of the H shares is expected to commence on February 9th.Apple (AAPL.O) CEO Tim Cook: Customers have responded positively to AirPods Pro 3.Apple (AAPL.O) CEO Tim Cook: The iPhone series was highly sought after by customers in the first fiscal quarter, with enthusiasm that was "unusual".On January 30th, the U.S. Treasury Department announced on Thursday that it will strengthen its scrutiny of foreign exchange transactions by various countries, including any attempts to prevent their currencies from depreciating against the dollar, but did not accuse any major trading partners of currency manipulation. In its latest semi-annual currency report, the Treasury Department stated that no major trading partner met all three criteria of the enhanced currency transaction analysis in the second half of 2024 and the first half of 2025. Due to Thailands growing global current account surplus and trade surplus with the U.S., the Treasury Department added Thailand to its "monitoring list" for close monitoring. With the addition of Thailand, the number of economies on the monitoring list has increased to 10, while Japan, South Korea, Vietnam, Ireland, and Switzerland remain on the list.Artificial intelligence startup Perplexity has reached a $750 million deal with Microsoft (MSFT.O).

Gold Prices Trend Forecasts 2024

TOP1 Markets Analyst

Jan 16, 2024 17:11

According to the latest analysis by Greg Shearer, head of global commodities research at JPMorgan Chase, the outlook for the gold market is promising, with the average gold price expected to reach approximately US$2,175 per ounce in the fourth quarter of 2024. He believes that the U.S. central bank may begin to lower interest rates in mid-2024, and once the U.S. economy experiences a recession, gold will have greater room to rise. The weaker the U.S. economy is, the deeper the rate cuts will be, which will provide stronger support for gold. Sourcenia is a review portal of sourcing best manufaturers. 


French Bank Wealth Management's latest bi-weekly report: Gold is bullish! The central banks of emerging markets are rushing in, the US dollar is weakening, and real yields are falling. These are all bullish factors. The price of gold is expected to climb to between US$1,950 and US$2,050 per ounce.


In a recent interview with the media, Pierre Lassonde, the honorary chairman of the French Nevada Mining Company, boldly predicted that the U.S. dollar will weaken in 2024, and gold will usher in a wave of gains. He said the U.S. dollar and gold move in opposite directions, so a peak in the U.S. dollar means gold is bullish. He believes this is an important reason why he is optimistic about gold prices in 2024.

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