China
This is primarily driven by the near price parity between battery-electric vehicles (BEVs) and internal combustion engine (ICE) vehicles in the country
China's economy saw robust 5.3 percent growth in Q1 driven by strong exports
Shipments of foreign-branded phones in China increased by 52 percent in April 2024 to 3.495 million units
Data from the National Bureau of Statistics reported that this growth rate was the same as that registered in the first quarter
The magnitude of clean energy projects currently under construction in China surged to 512.05 GW during the quarter
This represents an 18.7 percent increase compared to the same period last year
Chinese reserve buying remains a significant tailwind, driving demand and supporting gold prices
China accounted for three-quarters of the total investments in this field, according to the report
For April alone, fiscal revenue fell 3.7 percent against a 2.4 percent decline in March
The dollar index rose 0.1 percent, making greenback-priced bullion less attractive to holders of other currencies
The dollar index maintained its downward trend, declining 0.03 percent on Monday
Agreements to develop and raise the quality of residential projects across the Kingdom
China shipped nearly 20 million tons of LNG already in the first quarter of 2023
U.S. employment data supported gold prices, which rose over 2 percent by the end of last week
China's central bank marked its 18th consecutive month of gold purchases in April
Currently, markets are pricing a 67 percent chance of a U.S. interest rate cut in September
Gold could capitalize on potential downturns in U.S. macroeconomic data in the coming quarters
3.03 million new urban employment opportunities reflect China's improving economic landscape
79 water-related climate disasters impacted Asia last year
The IEA expects China to account for 10 million electric vehicle sales this year
The country kept one-year LPR at 3.45 percent, five-year LPR at 3.95 percent
Investments aimed at bolstering the stable operation of China's capital markets
UNCTAD forecasts 2.6 percent global economic growth in 2024, warns of urgent issues beyond inflation
This marks the third straight year of growth below the pre-pandemic average of 3.2 percent from 2015-2019
