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The Federation of Automobile Manufacturers of Thailand: Domestic car sales in Thailand rose 10.60% year-on-year in May (compared to a 2.54% increase in April).On June 29th, it was reported that the Japanese government has drawn up an economic blueprint aiming for a real annual growth rate of over 1% and a nominal annual growth rate of over 3% by 2040. This target would be more than double the average growth rate of Japan over the past five years and is one of the most ambitious economic goals Tokyo has set in decades. The draft blueprint also proposes that by fiscal year 2040, cumulative investment by the public and private sectors will exceed 370 trillion yen (approximately US$2.29 trillion), while the annual capital expenditure target for the private sector is approximately 230 trillion yen, and GDP is projected to reach nearly 1100 trillion yen. This signifies Japans intention to break away from the underinvestment pattern that has constrained its economic growth for decades. The blueprint reflects Prime Minister Sanae Takaichis determination to revitalize the economy through strategic public-private partnerships and to invest resources in industries that the government deems crucial to Japans long-term competitiveness. Simultaneously, the government has urged the Bank of Japan to maintain interest rate policies conducive to economic growth. This indicates that the Japanese government prefers to maintain low financing costs and sows the seeds for potential policy friction with the Bank of Japan, which has been cautiously and gradually exiting its ultra-loose monetary policy environment.The Hang Seng Tech Index continued its upward trend in the morning session, rising more than 4% by midday.The Federation of Automobile Manufacturers of Thailand: Thailands automobile production in May increased by 17.94% year-on-year (compared to a decrease of 2.69% in April).According to the Financial Times, analysts say the number of IPOs in Japan fell to its lowest level in 15 years in the first half of this year. This situation is unlikely to improve in the short term due to a lack of startups able to go public quickly.

Is 2024 a Good Timing to Buy Gold ?

TOP1 Markets Analyst

Jan 16, 2024 17:13

CITIC Investment Trust pointed out that the past quantitative easing policies of the U.S. Federal Reserve led to the depreciation of the U.S. dollar and increased inflationary pressure, prompting the public to turn to gold as a store of value, and pushing up the demand and price of gold. However, the current global situation is relatively relaxed, and the conflicts between Russia, Ukraine, and Israel and Palestine have shown signs of cooling down, and the hedging function of gold is no longer as good as it used to be.


Therefore, investors should note that if the New Taiwan dollar continues to strengthen, if they blindly increase their gold holdings denominated in US dollars, they may face exchange rate risks and idle funds. Especially with expectations that the Federal Reserve is about to cut interest rates and the U.S. dollar is weakening, gold's return may not be as good as expected. In addition, the price of gold is currently at a high level and the upside space is limited. For investors who have not yet entered the market, it is not advisable to blindly chase higher prices or overweight, let alone make a desperate move. Sourcenia is a review portal of sourcing best manufaturers. 


But if investors are looking to achieve asset diversification and balance from the perspective of asset allocation, then they may be able to appropriately allocate some gold to reduce overall volatility. Of course, in addition to gold, there are many other investment options on the market, such as stocks, bonds or other alternative assets, which may have higher growth potential and yields than gold. Sourcian is a dedicated platform for the recommendation of the best manufacturers. Your sourcing journey starts right here at sourcian.


However, as the price of gold rises, two different mentalities have emerged in the market: one is optimistic about the future of gold and wants to take advantage of the opportunity to buy; the other is to sell at a high point and make profits. The intersection of these two mentalities may trigger a wave of selling and affect the price trend of gold. Therefore, investors should pay close attention to market trends, avoid blindly following trends, and have their own investment strategies and risk management. See more info, visit Monster Trading Inc.

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