|Bid||4.100 x 0|
|Ask||4.110 x 0|
|Day's range||4.070 - 4.120|
|52-week range||4.000 - 4.940|
|Beta (5Y monthly)||0.49|
|PE ratio (TTM)||4.27|
|Forward dividend & yield||0.34 (8.27%)|
|Ex-dividend date||04 Jul 2022|
|1y target est||N/A|
(Bloomberg) -- Gold held near an 11-month low as traders assess the outlook for further monetary policy tightening and the impact on global growth.Most Read from BloombergKissinger Warns Biden Against Endless Confrontation With ChinaS&P 500 Struts Stuff With Best Day in Three Weeks: Markets WrapThis Could Be the Start of a Dollar ‘Doom Loop’ Like No OtherBullion hovered above the $1,700 an ounce level as it continued to be pressured by the strength of the US dollar, a sign of the prevailing caut
The China Banking and Insurance Regulatory Commission's (CBIRC) nod comes as the world's second-largest economy opens up its giant financial sector to investments from foreign players, allowing them to collaborate with domestic banks. Goldman Sachs ICBC Wealth Management, set up in May last year with a 51% funding contribution from U.S. banking giant Goldman and 49% by ICBC, will now offer a broad range of investment products to the Chinese market over time, including quantitative investment strategies.
A Zimbabwean company that had been banking on Chinese financing to build a major coal-fired power plant says it is now looking for alternative backers as China pulls back on funding such projects overseas. The effort by RioZim Ltd, one of Zimbabwe's biggest mining and energy companies, reflects how China's recent U-turn on foreign coal financing is forcing developing nations across Africa and Asia to rethink their energy plans. China, which had been a top funder of coal power projects around the globe, announced in September it would not build new coal projects abroad as part of efforts to curb future carbon emissions.