Gold sprints to over 5-year peak Fed holds rates steady, signals potential cuts this year Gold prices surged as much as 1.8% to their highest in more than five years on Thursday after the US Federal Reserve signalled possible interest rate cuts later this year, sending the dollar and US Treasury yields lower. Spot gold was up 1.4% at $1,378.45 per ounce as of 11.47am Bangkok time, after hitting its highest since March 17, 2014 at $1,383.81. US gold futures surged 2.5% to $1,382.60 an ounce. In Bangkok, gold prices were adjusted four times since the market opened on Thursday, recording a net gain of 300 baht per baht-weight. They jumped by 350 baht at the opening and then by another 50 baht an hour later before easing by 100 baht in total at 1pm. Bullion was traded in Bangkok at 20,200 baht per baht-weight while ornamental gold was sold at 20,700 baht at 1.57pm, according to the Thai Gold Traders Association. The Fed on Wednesday said it was ready to battle … [Read more...] about Gold sprints to over 5-year peak
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France's Dassault, producer of the Rafale fighter jet, is one firm involved in the Future Combat Air System project designed to reduce European reliance on US equipment PARIS - As European leaders prepare to formalise Monday the launch of a next-generation combat jet, analysts warn the continent's air forces are increasingly outpaced by American and soon Chinese aerospace industries that are swimming in cash.President Emmanuel Macron will attend the opening of the Paris Air Show where the defence ministers of France, Germany and Spain will sign the cooperation framework for the Future Combat Air System (FCAS).The new jet is part of a broader push to unify Europe's military might and reduce its reliance on US equipment, and the project will also include drones and cruise missiles.It will be spearheaded by Airbus and France's Dassault Aviation, which aim to have the plane in the skies by 2040, and other nations might sign on as well.Yet the jet already has a rival on home … [Read more...] about Europe’s air forces risk falling behind as US and China bulk up
“Hardcore” PC gaming enthusiasts have long scoffed at the humble gaming laptop. They’ve often described them as too weak for the price, too expensive, not worth the portability factor. To be fair, for many years, they weren’t wrong. Gaming laptops have been heavy, bulky, angrythings, and even the fastest ones simply couldn’t keep up with a good midrange desktop. Until now. In the last two years or so, modern gaming laptops have been equipped with desktop-grade graphics cards that are pretty much the same chip as their desktop counterparts—with a few corners cut to fit the power and thermal limits of a laptop. They’re also cheaper than ever, and even lightertoo. Even modern laptop processors have gotten a massive upgrade, with six-core configurations that exceed the performance of pre-2017 desktop high-end models. Today, the cheapest gaming laptops can be found at prices as low as P38,000, capable of running many modern games at solid … [Read more...] about The best gaming laptops at every price point
WASHINGTON: American Max Homa won his first US PGA title on Sunday, holding off major winners Justin Rose and Jason Dufner to capture the Wells Fargo Championship by three strokes. Homa fired a four-under par 67 at Quail Hollow to finish 72 holes at 15-under 269 on the Charlotte, North Carolina, layout. The world number 417’s best prior US PGA finish came when he took a share of sixth at the 2015 Sony Open in Hawaii. Homa twice lost his playing rights on the US PGA Tour, making just two cuts in 17 events in the 2016-17 campaign only to earn his way back again for this season and now secure his spot for years to come. “Over the moon,“ Homa said of his feelings. “I have some serious scar tissue from out here. Job security is great man. I haven’t had that before.” Joel Dahmen, another American seeking his first US PGA title, was second on 272 after a closing 70 with world number two Rose of England third on 273 and Spain’s Sergio Garcia, … [Read more...] about American Homa takes first US PGA title at Quail Hollow
Yes, we know HDB flats should be homes first and retirement funds second, and so on. But let’s be honest: Everyone wants to know what the big pay-off could be, besides shelter from the elements. Here’s a look at the numbers.WHICH FLAT TYPE APPRECIATES BEST?To find some answers, we looked at price movements of 3-room, 4-room and 5-room HDB flats over a period of 15 years. Starting with Singapore as a whole, here’s what we found:3-room HDB flats have appreciated by around 69 per cent. The average price of a resale 3-room flat today stands at around S$299,000, up from an average of S$176,800 back in 2004.4-room flats have appreciated by around 78 per cent. The average price of a resale 4-room flat is now around S$425,275, up from around S$238,300 in 2004.5-room flats lag just slightly behind 3-room flats, appreciating by around 68.57 per cent. The typical price today is around S$526,850, up from around S$312,500 on 2004.As such, we can see that 4-room flats show the … [Read more...] about Which type of HDB flat gives the best returns: 3-room, 4-room or 5-room?