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03.07.25 - 13:36
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Hong Kong investors triple gold holdings in rush to haven asset: HSBC survey (SCMP)
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Affluent investors in Hong Kong have nearly tripled their allocation to gold amid economic and geopolitical uncertainties, according to an HSBC survey.
Individual investors in the city with US$100,000 to US$2 million in investible assets had allocated 11 per cent of their portfolios to gold and other precious metals, up from 4 per cent a year ago, according to the survey published on Thursday. On the mainland, wealthy investors had increased their gold holdings to 15 per cent compared with 7 per......
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03.07.25 - 06:42
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Gold & silver price prediction today: Will gold rate test Rs 99,000 mark soon - what′s the outlook and should you buy or sell? (Times of India)
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Gold and silver price prediction today: Gold prices are surging towards ₹99,000, fueled by global cues and safe-haven demand amid geopolitical tensions and inflation concerns. Silver is also bullish, eyeing ₹1,10,000, driven by industrial demand from green energy initiatives and expectations of central bank rate cuts. Experts advise a buy-on-dips strategy for gold above ₹96,500 and maintaining silver above ₹1,05,500 for potential gains....
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03.07.25 - 00:57
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India′s Hindustan Zinc Eyes Five Year Timeline To Move Into Rare Earth Metals (ZeroHedge)
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India's Hindustan Zinc Eyes Five Year Timeline To Move Into Rare Earth Metals
India's Hindustan Zinc is moving into rare earths, but commercial production could take up to five years, underscoring the hurdles of building a domestic supply chain to challenge China's grip on the sector. "This (rare earth) is of strategic interest (to India)," said CEO Arun Misra in an interview, according to Nikkei Asia.
The company was the only private bidder to win a monazite mining block in Uttar Pradesh in a government auction in May. However, exploration and reserve analysis will take three to four years. "The first part is exploration and mining, and that itself could take about three or four years, because we have to evaluate (the quantity and quality) of the reserves," said CEO Arun Misra.
Global supply of permanent magnets is tight after China restricted exports of rare earths like terbium and dysprosium, both used to boost neodymium magnets' heat resistance. Auto manufacturers h...
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