Latest news with #EU.The
Economic Times
3 days ago
- Business
- Economic Times
Gold prices to witness big moves, may hit Rs 1.10 lakh/10g in one year. Is now the time to buy?
Gold is poised for a significant rally over the next 12 months, with prices in India expected to surge to as high as Rs 1,10,000 per 10 grams and $4,000 per ounce in the global market amid the persisting geopolitical uncertainties. ADVERTISEMENT According to a report by Angel One, gold prices should accumulate near the Rs 85,000 level when meaningful dips occur. 'Investors with a long-term perspective... should accumulate on every dip, taking advantage of value average for higher returns,' the report said. Further, from a portfolio strategy standpoint, Angel One recommends maintaining a gold allocation of at least 10%. Analysts at Angel One noted, 'Our advice to investors is to allocate at least 10% of their portfolio allocation towards gold for better diversification.'Echoing a similar sentiment, Joni Teves, Precious Metals Strategist at UBS Investment Bank, also stated that she is bullish on gold and believes that diversification is likely to continue to drive prices higher.'We remain bullish on gold and think diversification should continue to drive prices higher. We don't think positioning is crowded and there is plenty of room for investors to continue building gold allocations,' Teves said. ADVERTISEMENT Lingering worries over US fiscal deficits, globally surging bonds, Dollar weakness and intensifying trade war make a strong case for gold extending its rally further, though it is to be noted that markets are still somewhat sceptical of Trump's threat to the US Dollar Index has weakened 7% this year and is likely to fall further on US exceptionalism being put into question. USDINR volatility will significantly affect domestic gold prices. ADVERTISEMENT 'Gold bulls need to be cautious about the possibility of Trump shifting his stance on EU tariffs and progress in trade deals with other trading partners,' noted Praveen Singh of Mirae Asset Sharekhan.'A decisive breach of the resistance zone of $3365-$3371 may take the yellow metal to $3435 and will bring the all-time high of $3500 in focus,' Singh added while highlighting that he maintains a bullish stance on gold. ADVERTISEMENT After delivering strong gains over the past year and a half, the yellow metal continues to shine as a preferred asset for investors seeking long-term value and portfolio has historically proven to be a reliable wealth creator, especially in times of economic uncertainty, and recommends a strategy of value averaging for accumulation. ADVERTISEMENT Amid global macroeconomic shifts, central bank buying, and steady demand from jewellery and investment sectors, Angel One advises investors to allocate at least 10% of their portfolio to gold for better One, in its report, has also highlighted that gold has already delivered strong returns over the past one and a half years and continues to offer a compelling investment case for long-term one looks at the table below, it clearly states that investment in gold pays good returns. Hence, one should make investments in gold from a long-term the demand front, the report outlines that jewellery has consistently contributed over 50% of total gold demand for more than a decade. Additionally, central banks have emerged as a key source of demand post-COVID, with their interest in gold rising steadily over the past four years.'This trend will likely continue in 2025, boosting the yellow metal prices for the second half of 2025,' analysts at Angel One also emphasised the role of gold as a stable asset in uncertain times. 'Gold as an asset has been a good diversifier in any portfolio for decades,' the report said, adding that both geopolitical tensions and macroeconomic factors have influenced gold the supply side, it was mentioned that global gold supply has been steady at over 4,000 tons annually for the past decade, reinforcing the metal's fundamental strength. Also read: Bulls & bears played tug of war in June over last 10 years. Should you stay put or take a vacation? (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Al Etihad
28-05-2025
- Business
- Al Etihad
UAE, EU continue talks on Comprehensive Economic Partnership Agreement
28 May 2025 18:30 DUBAI (WAM) Dr. Thani bin Ahmed Al-Zeyoudi, UAE Minister of State for Foreign Trade, welcomed Maroš Šefčovič, EU Commissioner for Trade and Economic Security, to the UAE for ongoing talks regarding the Comprehensive Economic Partnership Agreement (CEPA) between the UAE and the visit also included an investment roundtable with representatives from leading private sector companies, aimed at exploring opportunities for increased collaboration and investment flows between the EU and UAE-EU CEPA is poised to be a significant milestone in strengthening economic ties and unlocking new avenues for trade and agreement will pave the way for the removal of trade barriers, enhance market access for goods and services, and stimulate investment in key sectors. By consolidating access to the EU market, the second largest economic bloc in the world, the CEPA will reinforce the UAE's status as a global trade and logistics EU is already one of the UAE's key trading partners, accounting for 8.3% of non-oil trade. In 2024, non-oil trade between the two reached $67.6 billion, representing a growth of 3.6% over Zeyoudi emphasised the importance of the CEPA with the EU, stating, "Our negotiations toward a UAE-EU Comprehensive Economic Partnership Agreement is of great importance to both the UAE and the EU and represents an extraordinary opportunity for us both to enhance trade and investment ties that will foster greater collaboration and create mutual benefits and prosperity. By working together, we will strengthen our supply chains, drive innovation, and create jobs that will benefit our communities and economies for many years to come."Maroš Šefčovič commented, "Europe continues to be a reliable trading partner, which respects the deals it makes. And it is natural to seek to grow our relations with long-standing and trusted partners like the United Arab Emirates. A bilateral FTA would unlock tremendous business opportunities for European and Emirati businesses alike. "Our aim is therefore to reach an ambitious deal that is commercially meaningful on both sides – one that brings tangible, lasting benefits, along with predictability, so essential to any successful business. This would add strength to our regional cooperation with the Gulf Cooperation Council countries."During the investment roundtable, representatives from the UAE and the European private sectors engaged in discussions to identify mutual investment opportunities that can drive innovation and sustainable economic flows between the UAE and EU are strong and robust, with recent partnerships in data centres in Italy, solar plants in Spain, and neighbourhood redevelopment in Budapest.A UAE-EU CEPA has the potential to unlock further opportunities, including a $50 billion AI data centre deal with France and a $40 billion commitment in Italy's energy and defense CEPA programme is a key pillar of the UAE's foreign trade agenda, reflecting the nation's commitment to open, rules-based trade to drive economic growth and diversify its economy. By enhancing access to global markets and establishing stronger trade and investment flows with partners around the world, the CEPA programme has contributed to a record non-oil trade of $816 billion in 2024, marking a 14.6% increase over 2023.
BBC News
18-04-2025
- Health
- BBC News
Government 'monitoring' UK ban on meat and cheese from EU
A temporary UK ban on personal imports of meat and dairy products from the EU is being monitored by Jersey's government, officials have said. The UK government announced the restrictions on Wednesday, in a bid to prevent the spread of foot and mouth disease (FMD) from Europe. Guernsey has also urged EU passengers not to bring in restricted States of Jersey's Veterinary Team said it was "monitoring the situation" and that it was "in contact with the authorities" in the UK and other Channel Islands. The veterinary team did not confirm whether a similar ban could be introduced in Jersey but said the rules were "under constant review and may change at any time". The list of restricted products includes:porkbeeflambmuttongoatvenisonother products made from these meats, for example sausagesmilk and dairy products like butter, cheese and yoghurt States of Guernsey veterinary officers and the Guernsey Border Agency have asked people not to import any meat or dairy products for personal use or consumption into the Bailiwick from the restrictions apply regardless of whether the goods are packed, packaged, or purchased from duty free is a highly infectious virus that causes blisters inside an animal's mouth and under their hooves, and can cause lameness and problems causes no risk to humans and there are currently no cases of foot-and-mouth disease in the products of animal origin, like meat and dairy, could potentially be contaminated with FMD.
