Tuesday: Gold surges to US$2,750/oz
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Gold jumps to new highs. China’s banks cut lending rates more than expected to jolt demand. Iron ore and oil prices fall after China stimulus disappointment, and the RBA is encouraged by rate cut bets being pushed out after strong jobs data.
In our bonus Deep Dive interview, ANZ Chief Economist for Greater China Raymond Yeung explains why investors weren’t too keen on China’s recent property support package.
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Tuesday: Gold surges to US$2,750/oz