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(Economic Observation) Multiple uncertainties may cause gold prices to reach new highs

Gold prices may yet to hit their ceiling as multiple uncertainties fuel risk aversion. International spot gold price once approached the historic mark of US$2,200 per ounce. Domestic retail price of pure gold in China is also rising, approaching RMB 670 per gram. Aakash Doshi, head of North American commodities research at Citibank, said gold prices could soar to $3,000 an ounce in the next 12 to 18 months. The most likely factor leading to this situation is the accelerated de-dollarization of c...
Feng Lin United States Aakash Doshi Zhou Zhicheng Federal Reserve China News Service

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Effectiveness Questioned: Study Finds That Paxlovid Fails To Reduce Long COVID Risk

Researchers at UCSF have discovered an unexpectedly high rate of COVID rebound following treatment with Paxlovid. A group of scientists from the University of California, San Francisco, discovered that Paxlovid (Nirmatrelvir-ritonavir) was ineffective in lowering the chances of vaccinated, non-hosp
San Francisco United States Carmen Isasi Steveng Deeks Noahd Peyser Markj Pletcher

China's fiscal policy aims to whet consumption | Borneo Bulletin Online

ANN/CHINA DAILY – Chinaโ€™s Ministry of Finance will moderately step up proactive fiscal policy adjustments this year while improving fiscal governance efficiency and effectiveness in order to expand domestic demand and boost economic recovery momentum Chinese Vice-Minister of Finance Wang Dongwei said on Thursday. Experts said China can increase central government spending and enhance policy […]
Feng Lin Chang Haizhong Fitch Bohua Wang Dongwei China Daily Chinese Vice Minister

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