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Rick Kanda of The Gold Bullion Company said gold could still return to around $5,000/oz this year, while last year's $6,000/oz target now looks out of reach. He said if global central banks keep buying, gold has a good chance of hitting $5,000/oz, bu

2026-06-17

Rick Kanda of The Gold Bullion Company said gold could still return to around $5,000/oz this year, while last year's $6,000/oz target now looks out of reach. He said if global central banks keep buying, gold has a good chance of hitting $5,000/oz, but recent macroeconomic shifts have reduced gold's safe-haven appeal versus last year.

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2026-06-17

Hong Kong-listed electronic component stocks surged, with Sunny Optical Technology (02382.HK) rising over 10%, Guanghe Technology (01989.HK) rising over 7%, and Shenghong Technology (02476.HK), AAC Technologies (02018.HK), and Lens Technology (06613.

Hong Kong-listed electronic component stocks surged, with Sunny Optical Technology (02382.HK) rising over 10%, Guanghe Technology (01989.HK) rising over 7%, and Shenghong Technology (02476.HK), AAC Technologies (02018.HK), and Lens Technology (06613.HK) all rising nearly 4%.
2026-06-17

Chinese bank wealth management firms have been granted two market access approvals. On June 16 Bank of China Wealth Management completed the first interbank FX trade by a wealth manager via the China Foreign Exchange Trade System with Bank of China,

Chinese bank wealth management firms have been granted two market access approvals. On June 16 Bank of China Wealth Management completed the first interbank FX trade by a wealth manager via the China Foreign Exchange Trade System with Bank of China, executing USD/CHF spot and forward trades. Separately, three wealth managers received first-batch qualification to participate in Bond Connect Southbound; the inaugural Southbound transaction landed at the end of last month and was executed by CMB Wealth Management with Bank of Communications’ Hong Kong branch, which said it proactively coordinated and completed preparations after the participant expansion. Industry sources say the other two initial Bond Connect-qualified firms are wealth-management arms of two state-owned banks.
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