China's gold consumption rose 6% in first quarter this year
Tue, May 7, 2024 10:06 AM

China's gold consumption rose 6% in first quarter this year

A Flip by Shubhangi Gupta
Get it on Google Play
Gold has witnessed a significant surge in value due to Russia's invasion of Ukraine and the conflict in the Gaza Strip. However, the prolonged and resilient ascent of gold, surpassing $2,400 per ounce, can be largely attributed to China. According to the China Gold Association, gold consumption in the country saw a 6% rise in the first quarter compared to the same period last year.

More great flips

JSW Steel expects margins to improve in FY25 on cooling input costs

JSW Steel expects margins to improve in FY25 on cooling input costs

JSW Steel expects to improve margins in the ongoing fiscal year, driven by cooling input costs, rising steel prices, and enhanced operational efficiencies, Jayant Acharya, joint managing director and chief executive, said."We had a strong financial year (FY24) in spite of Q4 challenges. We expect that FY25 will continue to be good as well," Acharya told Mint.

Open Flip
Is Energy Transfer Stock a Millionaire-Maker?

Is Energy Transfer Stock a Millionaire-Maker?

Can you become a millionaire by investing in Energy Transfer (NYSE: ET) stock? Absolutely. Over the long term, shares have proven a terrific investment. And given the company's unique asset base, there's a good chance this performance will be repeated in the years to come.There's only one catch: If you don't invest in this stock in a certain way, you may forfeit your chance of reaching the $1 mn.

Open Flip
Where Will Alibaba Stock Be in 5 Years?

Where Will Alibaba Stock Be in 5 Years?

With shares down a whopping 47% over the last five years, Alibaba Group (NYSE: BABA) has been dead money for long-term investors. The China-based e-commerce and technology conglomerate faces ongoing political uncertainty, market weakness, and competition from nimble rivals. Can the behemoth company turn itself over the next five years, or is it doomed to continued stagnation?

Open Flip

Join our Smart Investment Community

More than 1 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon