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08.05.26 - 14:42
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Gold price today: Yellow metal jumps; check 24K, 22K city-wise rates (Times of India)
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Gold prices surged on Friday, driven by robust spot demand and fresh speculative buying. Across major Indian cities, retail rates for 22K, 24K, and 18K gold saw an uptick. Futures contracts for August delivery on MCX climbed, mirroring a stronger global sentiment for the precious metal. This rally reflects increased trader confidence and positive market momentum....
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08.05.26 - 12:30
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Hong Kong prepares for gold futures trading: will the fourth time be the charm? (SCMP)
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To break a curse of repeated failures to launch gold futures trading, bourse operator Hong Kong Exchanges and Clearing (HKEX) should extend its trading hours and the government should offer tax incentives and establish clearing and storage facilities, according to industry players.
These recommendations came as HKEX aimed to relaunch gold futures in the coming months and sought market feedback to refine the plan, Acting Secretary for Financial Services and the Treasury Joseph Chan Ho-lim told......
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08.05.26 - 10:24
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Hungary Returns Ukrainian Bank Cash & Gold Seized During Election Campaign (ZeroHedge)
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Hungary Returns Ukrainian Bank Cash & Gold Seized During Election Campaign
Authored by Thomas Brooke via Remix News,
Hungary has returned money and valuables belonging to Ukrainian state-owned bank Oschadbank after authorities seized the shipment earlier this year while it was being transported from Austria to Ukraine.
Ukrainian President Volodymyr Zelensky announced the return on Telegram on Wednesday, saying the assets had been seized by Hungarian special services in March, a move he claimed had been unjustified.
“Today, the funds and valuables of Oschadbank, seized by Hungarian special services in March of this year, were returned,” Zelensky wrote.
“I thank Hungary for the constructive and civilized step,” he added.
The shipment, which reportedly included cash and gold belonging to Oschadbank's Ukrainian branch, was stopped by Hungarian authorities during a period of high tension between Budapest and Kyiv.
Hungarian officials said at the time that the bank workers involved were sus...
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