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$5,400! Goldman Sachs significantly raises gold price target: High-net-worth individuals are rushing in, competing with central banks for 'limited physical reserves'.
Goldman Sachs analysts have found that significant increases in physical gold purchases by high-net-worth families and in bullish option buying by investors have become important drivers of the rise in gold prices. The private sector, seeking to avoid policy risks, has flooded into the gold market with a 'buy-only, no-sell' pattern, effectively raising the price baseline. Coupled with central banks' continued accumulation and the Federal Reserve's interest rate cuts providing support, gold prices could rise by another 17% amid unresolved macroeconomic risks.
Mitsubishi demonstrates resilience even amidst headwinds, advancing improvements in its earnings structure with a focus on resource circulation.
Mitsubishi Materials <5711> is a leading non-ferrous metals manufacturer, with its core business centered on the refining and sales of metals such as copper, gold, and silver. It also operates businesses in high-performance products, processing, and renewable energy. The company possesses one of the largest domestic production capacities for electrolytic copper (high-purity copper used for wiring and electronic components) and has recently positioned the transition to a resource-circulating (recycling-based) business model that does not rely on primary raw materials as a key pillar of its medium- to long-term strategy. Metals account for approximately 60% of total revenue, followed by high-performance products and processing businesses.
Mitsubishi Materials to Halt Cement Output at Kyushu Unit
Express News | Silchester International Cuts Stake in Mitsubishi Materials Corp to 10.15% From 11.22%, Filing Shows
Elon Musk has offered free connectivity for the 'Starlink' service in Iran amid internet outages.
In the space business, Elon Musk's space exploration company SpaceX has reportedly made its satellite communication service 'Starlink' available for free in Iran, where internet access is restricted. SpaceX has reportedly waived the Starlink subscription fee in Iran, allowing individuals who own receivers to access the service at no cost. <7203> Toyota <7721> Tokyo Keiki <2359> Core <3004> Kamio
JP Movers | Hitachi Rose 7.44%, Leading Nikkei 225 Components, Kioxia Holdings Topped Turnover List
Market sentiment was high today as Nikkei 225 components generally rose, with Hitachi(6501.JP) being the top gainer today, rising 7.44% to close at 5445.0 yen. In addition, the top loser was Chubu Electric Power(9502.JP),falling 9.59% to end at 2206.0 yen.