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29.09.25 - 16:42
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Cryptos Rise, Gold Jumps While Dollar Slips (AFX)
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WASHINGTON (dpa-AFX) - Cryptocurrencies recorded strong gains in the past 24 hours while gold jumped to touch a fresh high. The U.S. dollar meanwhile extended losses amidst anxiety surrounding a p......
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29.09.25 - 15:18
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Hong Kong′s Silver Bonds attract record demand from senior citizens (SCMP)
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The latest round of the Hong Kong government's Silver Bonds attracted a record number of subscriptions in both quantity and value, as the city's elderly investors seized the opportunity to secure better returns than those offered by bank deposits.
The total applications for the three-year Silver Bonds were twice the government's latest issuance of HK$50 billion (US$6.4 billion). Investors submitted 370,000 bids for HK$98.52 billion worth of bonds during the offering period, which ended at 2pm on......
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29.09.25 - 14:48
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Futures Jump As Meltup Returns, Gold Soars To New Record High Ahead Of Govt Shutdown (ZeroHedge)
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Futures Jump As Meltup Returns, Gold Soars To New Record High Ahead Of Govt Shutdown
Last week's small market swoon is a distant memory with US equity futures up sharply on Monday, led by tech and small caps as the S&P looks to set a new ATH. As of 8:00am ET, S&P futures are up 0.5% (and off session highs) keeping the benchmark on track for its best September since at least 2013, even as the month is typically difficult for stocks. Mag7 / Semis are mostly higher premarket, and with Cyclicals leading Defensives after last week's stumble, the AI Theme looks resurgent again, helping sending European stocks broadly green. Most Asian equities advance as Chinese tech stocks resume rally. Hang Seng climbs for the first time in three sessions. Gold hit yet another record, topping $3,820 and pushing the market value of US gold reserves above $1 trillion, with a US government shutdown looming in 48 hours, while the dollar tumbles as clock ticks toward US shutdown deadline on Tuesday midnight. The yen...
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29.09.25 - 14:48
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Gold Revaluation Imminent? US Treasury Hoard Tops $1 Trillion For First Time (ZeroHedge)
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Gold Revaluation Imminent? US Treasury Hoard Tops $1 Trillion For First Time
On the back of a 45% surge in the price of gold this year, the US Treasury's hoard of the barbarous relic has surpassed $1 trillion in value for the first time in history.
That is more than 90 times what's stated on the government's balance sheet and is reigniting speculation that Treasury Secretary Bessent could revalue (mark to market) the massive pile of precious metal
Unlike most countries, the US's gold is held by the government directly, rather than the central bank.
The Fed instead holds gold certificates corresponding to the value of the Treasury's holdings, and credits the government with dollars in return.
That means, as we detailed previously, that an update of the reserves' value in line with today's prices would unleash roughly $990 billion into the Treasury's coffers, dramatically reducing the need to issue quite so many Treasury bonds this year.
While Treasury Secretary Bessent initially dismi...
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