00274 RA SILK ROAD
- 0.033
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RA SILK ROAD News
The technical side of gold sends an important signal! Bulls are preparing for a sharp rise in the market FXStreet chief analyst's analysis of the technical outlook for gold prices this week
Spot gold surged nearly $60 last week to close at around $2,360 per ounce. FXStreet chief analyst Valeria Bednarik pointed out that gold has turned bullish, and the price of gold may challenge the record high of 2431.40 US dollars/ounce.
The price of gold will “rise sharply”! Goldman Sachs releases major gold research report
Recently, the media discussed various reasons behind the sharp rise in gold prices. These reasons can first be traced back to the surge in Chinese purchases. As gold prices rose, this discussion also intensified, culminating with “China taking over control of gold prices from the West”, “China's gold buying frenzy caused ETF chaos” and “Chinese consumers surpassing India in the gold buying frenzy”.
Express News | China Gold: The reversal of market transactions may mean that there is a risk of a forward bubble in the price of gold
Hong Kong Stock Afternoon Review | The three major indices of Hong Kong stocks pulled back, and the Tech Index fell nearly 2%; PV stocks reversed the market, and GCL Technology rose more than 6%
Technology Network stocks declined; Bilibili fell more than 6%, NetEase fell more than 4%, Kuaishou and Meituan fell nearly 4%; as concept stocks declined, Huazhu Group fell more than 3%, and Jiumaojiu fell nearly 3%.
Has the price of gold stabilized? The performance of Hong Kong gold stocks was strong, and Datang Tong Gold rose nearly 14% in the intraday period
Thanks to the recent continuous rebound in gold prices, most Hong Kong gold stocks have risen. As of press release, Datang Tongjin (00340.HK), Tongguan Gold (00340.HK), Shandong Gold (01787.HK), Zhaojin Mining (01818.HK), and Zijin Mining (02899.HK) rose 13.64%, 7.84%, 2.29%, 0.97%, and 0.93% respectively.
Renaissance Asia (00274) terminated the acquisition of 100% shares in Fuxing (Tianjin) Financial Leasing
Zhitong Finance App News, Fuxing Asia (00274) issued an announcement. On January 5, 2024, buyer A Fuxing Silk Road (Tianjin) Commercial Management Co., Ltd. and buyer B Fuxing Silk Road International Co., Ltd. (a wholly-owned subsidiary of the group) signed a share transfer agreement with seller A Shanggu Investment Holding Group Co., Ltd. (independent third party). The seller conditionally agreed to sell 100% of the target company's shares. The buyer conditionally agreed to purchase 100% of the target company's shares at a total cost of US$1,966,700. The announcement stated that after careful consideration, the buyer and seller decided
Total demand for gold in Q1 was the strongest in the same period in eight years WGC: these factors are playing an important role
① According to the World Gold Council report, total demand for gold in the first quarter, including OTC transactions, increased 3% year-on-year to 1,238 tons, “the strongest first quarter since 2016”; ② “Judging from their continued consumption, gold plays an important role in the reserve portfolio, and the situation remains strong for the rest of the year.”
RA SILK ROAD To Carry Out 1-for-5 Reverse Stock Split On June 3rd, 2024
April 30th - $RA SILK ROAD(00274.HK)$ is about to implement a 1-for-5 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from June 3rd, 2024.$RA SILK ROAD(00274.HK)
Express News | The Federal Reserve's hawk may be difficult to avoid a narrowing of the monthly increase in gold prices
Express News | Central banks bought gold in a big way in the first quarter
Revival Asia (00274.HK) proposes a “5 in 1” merger
Gelonghui, April 29 | Revival Asia (00274.HK) announced that the board of directors proposed a “5 in 1” share merger. After the share merger comes into effect, it is proposed to change the trading unit for each lot traded on the Stock Exchange from 10,000 existing shares to 20,000 consolidated shares.
Wall Street bosses are passionate about sharing: Potential reasons for the rise in gold!
Regarding the rise in gold, the founder of the US hedge fund Green Light Capital proposed a potential theory.
Express News | CICC: Gold has been overdrawn for a short time, but the interest rate cut transaction is not over
Gold prices have plummeted this week! What actually happened? The Federal Reserve's decision and the non-agricultural sector risk detonating the gold market next week
Spot gold closed down 2.3% this week, the biggest drop since December last year. FXStreet analyst Eren Sengezer notes that despite closing down this week, gold is still technically bullish. The Federal Reserve's monetary policy announcement and US employment data may affect next week's gold trend.
Silver Price Forecast: XAG/USD Remains Sideways Near $27.60 as Investors Reassess Fed Rate Cut Bets
Silver price consolidates around $27.60 as traders reprice Fed rate cut hopes.
Express News | China Gold: The risk of short-term fluctuations in gold has increased, but the medium- to long-term upward market may not be over
The US economic data has been overshadowed, and gold has once again made a brilliant debut. The world predicts that precious metals will generally rise 8% this year
The gold market's recent record high of $2,400 per ounce may represent the peak of prices; however, investors should not expect to see too much of a decline from current levels, as the World Bank expects precious metals prices to rise 8% this year.
Gold and AI are inextricably linked!
AI is also inseparable from gold, which is probably why some savvy investors are betting on gold and AI at the same time.
The key signal! Citigroup: 83% of fund managers “go long” on precious metals, gold futures and options, and long positions are showing signs of bullishness
Market analyst Mahaley said that Citibank analysis found that 83% of fund managers went long on precious metals, and long positions in gold futures and options rose.
The commodity bull market is “popping up”, and we can still seize definitive opportunities for copper and oil
① Everyone sees copper as an important cornerstone of the energy transition. This makes for a very attractive demand-side context. ② In the absence of geopolitical supply shocks, the ceiling for Brent oil is $90. The reason is that high excess capacity and higher prices may cause OPEC+ to increase production in the third quarter.
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