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Gold prices have reached record highs, driven by inflation concerns, geopolitical tensions, and rising US national debt. Analysts predict prices could hit $3,000 per ounce by the end of 2025, as demand from central banks and safe-haven investors continues to grow.
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HSBC's pre-tax profits rose to $8.5 billion in Q3 2024, exceeding expectations. This comes as new CEO Georges Elhedery announced a major restructuring, reducing geographical units and potentially cutting senior roles to streamline operations. The bank also plans a $3 billion stock buyback, reflecting confidence in its strategy.
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Following Donald Trump's election victory, U.S. markets have surged, with the S&P 500 and Dow Jones reaching record highs. Investors are optimistic about potential tax cuts and deregulation, while Bitcoin also hit a new peak. The Federal Reserve's recent interest rate cut further fueled market enthusiasm, marking a significant week for financial assets.