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The main reason for the narrowing decline in Hong Kong's retail sales figures in September was the low base effect, according to Bond Law, Executive Director of the Hong Kong Retail Management Association (HKRMA). He pointed out that there has been no change in the fundamentals of the current market situation, while consumer...
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Goldman Sachs released a research report initiating coverage on LAOPU GOLD (06181.HK) with a Buy rating. The broker noted that LAOPU GOLD is positioned as a company focused on luxury traditional gold craftsmanship jewelry with an average selling price and GPM at higher levels. Supported by ultra high net worth individuals (HNWIs...
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The gold price hit a record high of US$2,685 per ounce on 26 September, HSBC Global Research issued a research report saying. The incline is driven by a number of factors, including strong safe-haven and hedge fund purchases triggered by expectations of further interest rate cuts by the Fed and other central banks, as well as ec...
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LUK FOOK HOLD (00590.HK) announced the opening of its first "Lukfook Joaillerie" in the Hong Kong and Macau region at MGM Cotai. The shop features several distinctive display areas, including a Gold Mahjong Wall, Gold Brahma Figurine, and large gold electroformed artworks, coupled with a dedicated VIP area.Wong Wai She...
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The recent direct stimulus for the upsurge in gold prices has been majorly geopolitical threats, opined Alex Chiu, Senior Strategist of ETF business at Value Partners. Even though the US just released strong non-farm payrolls data and the Fed is expected to slow down the pace of interest rate cuts in November, the price of gold ...
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