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The record-setting surge in gold prices is expected to continue through the end of the year, according to Ben Emons, NewEdge Wealth’s head of fixed income. Emons anticipates a surge in the demand for gold in December, historically and especially when there is a rally in the stock market in November. Gold recently reached a…
Investors who are cautious and are sticking with cash may want to consider alternative options. According to Matthew Bartolini, the managing director and research head of SPDR Exchange Traded Funds, active management can provide stability and income, as well as create more opportunities for upside. Bartolini shared these insights with CNBC’s “ETF Edge” this week,…
DBS Group, the largest lender in Southeast Asia, announced a 17% increase in third-quarter profit, driven by a high-interest rate environment. The bank’s net profit for the quarter reached 2.63 billion Singaporean dollars ($1.94 billion), surpassing analysts’ estimates. Compared to the same period last year, this represents a substantial jump from SG$2.24 billion. DBS also…
Pakistani Rupee Emerges as Top Performing Currency, Analysts Predict Further Strengthening The Pakistani rupee has made a remarkable recovery, bouncing back from an all-time low and emerging as the world’s best performing currency. According to data from LSEG, the currency hit a record low of 307 rupees against the US dollar in early September. However,…
