(Reuters) -Citi expects the price of gold to consolidate around $3,100 to $3,500 per ounce in the third quarter, as prices moderate due to geopolitical de-escalation in the Middle East and an improved global growth outlook, the bank said in a note on Monday. “We expect continued price consolidation … and highlight our view that…
Hong Kong businesses are expected to feel the bite from Washington’s 34 per cent reciprocal tariff, with the United States being the city’s second-largest export market, accounting for US$37.9 billion in merchandise in 2024. Beijing, meanwhile, has also hit back with a 34 per cent tariff on imported American goods in addition to existing duties,…
With much-anticipated trade actions against China absent on the first day of US President Donald Trump’s second term, a chief Citi economist said there are better odds of “delayed, gradual tariffs” being imposed on the world’s second-largest economy in advance of potential direct negotiations between the two countries’ leaders. A slower onset of tariffs on…
Citibank is reportedly dealing with technical issues around fraud alerts, long wait times for customer calls to its fraud department, and access to its mobile app. Customers of the bank have been talking about these problems on X, and hundreds of users have flagged the issues on the website DownDetector.com, CNBC reported Wednesday (Jan. 15)….
China envisions Hong Kong’s capital markets as a beacon of prosperity, having lifted the city out of social chaos in June 2020. This week, Beijing backed that goal with vocal support at an investment summit attended by CEOs of global banks and money managers. Do global investors share the optimism? The question has never been…
The price of oil could hit $120 a barrel by early 2025, according to Citi. That’s according to the bank’s bull case, which assumes conflict in the Middle East escalates. Israel-Iran tensions have oil traders on edge as they keep an eye on potential supply disruptions. Thanks for signing up! Access your favorite topics in…