JIC Holdings

#Gold price climbed for the fourth consecutive day, reaching a new all-time high on Friday. Ongoing rate cuts from major central banks have been advantageous for non-yielding assets like XAU/USD. Additionally, tensions in the #MiddleEast and uncertainty in US politics have further fuelled demand for the #commodity. #Africa #AfCFTA #Partnership #AUC #AfDB #Invest #Trade #OneAfrica #Investment #Gold #Agenda2063 #Growth #AfCFTATrade #ThisIsAfrica #BrandAfrica #Diaspora #TradeInAfrica #SEZ #PanAfrican #JICH #BuildBackBetter #PeaceInAfrica #Peace #AfricanUnity #Mining https://lnkd.in/esDsvuk4

The #WorldBank said on Monday it had lowered its economic #growth forecast for #subSaharanAfrica this year to 3% from 3.4%, mainly due to the destruction of #Sudan's #economy in a #civilwar. #Africa #AfCFTA #Partnership #AUC #AfDB #Invest #Trade #OneAfrica #Investment #Gold #Agenda2063 #Growth #AfCFTATrade #ThisIsAfrica #BrandAfrica #Diaspora #TradeInAfrica #SEZ #PanAfrican #JICH #BuildBackBetter #PeaceInAfrica #Peace #AfricanUnity #Mining https://lnkd.in/eADvYwZn

Gold could reach $3,000 by the end of 2024 or sooner after several months of rising prices. GoldPrice.org says that there has been a 45.93 percent increase in the price of an ounce over the past year, with a 6.58 percent increase in the last 30 days. As of October 3, the price is $2,642.45, and experts believe it will climb to a record $3,000 before the end of 2024. #Africa #AfCFTA #Partnership #AUC #AfDB #Invest #Trade #OneAfrica #Investment #Gold #Agenda2063 #Growth #AfCFTATrade #ThisIsAfrica #BrandAfrica #Diaspora #TradeInAfrica #SEZ #PanAfrican #JICH #BuildBackBetter #PeaceInAfrica #Peace #AfricanUnity #Mining https://lnkd.in/e_Qd6yEt

Senegal has undergone an important political evolution with the recent #elections and #peaceful transition of #power. Yet certain priorities remain consistent for the Senegalese government and #population, including increasing the supply and affordability of #energy. Achieving this is essential to addressing lingering #energypoverty in the country and driving further economic development. #Senegal #Africa #AfCFTA #Partnership #AUC #AfDB #Invest #Trade #OneAfrica #Investment #Gold #Agenda2063 #Growth #AfCFTATrade #ThisIsAfrica #BrandAfrica #Diaspora #TradeInAfrica #SEZ #PanAfrican #JICH #BuildBackBetter #PeaceInAfrica #Peace #AfricanUnity https://lnkd.in/eNjeUc76

#GoldmanSachs on Monday raised its #gold price forecast for early 2025 to $2,900 per troy ounce (toz) from the previous $2,700/toz, citing two primary reasons. Firstly, they anticipate faster declines in short-term interest rates in Western countries and #China, adding that the #goldmarket “doesn’t fully price in the rates boost to Western #ETF holdings backed by physical gold yet, which tends to be gradual.” #Africa #AfCFTA #Partnership #AUC #AfDB #Invest #Trade #OneAfrica #Investment #Gold #Agenda2063 #Growth #AfCFTATrade #ThisIsAfrica #BrandAfrica #Diaspora #TradeInAfrica #SEZ #PanAfrican #JICH #BuildBackBetter #PeaceInAfrica #Peace #AfricanUnity #Mining https://lnkd.in/enAQWAVD

By the end of last year #GDP per person in #Africa, #MiddleEast,and #SouthAmerica was no closer to that in #America than in 2015. #Africa #AfCFTA #Partnership #AUC #AfDB #Invest #Trade #OneAfrica #Investment #Gold #Agenda2063 #Growth #AfCFTATrade #ThisIsAfrica #BrandAfrica #Diaspora #TradeInAfrica #SEZ #PanAfrican #JICH #BuildBackBetter #PeaceInAfrica #Peace #AfricanUnity https://lnkd.in/e4R4xCaT

Featuring over 3,200 lots and more than 50,000 carats of polished #diamonds, the auction will take place at the #DubaiDiamondExchange (DDE) in Almas Tower. This significant #auction underscores #Rapaport’s expanding footprint in #Dubai and highlights a growing #collaboration with #DMCC. #DiamondTrade #Mining #Africa #DiamondMarket #TradeDiamond https://lnkd.in/eT5KAnmP

JPMorgan Asset Management, Van Eck Associates Corp. and Vontobel Asset Management are betting that the billions of #dollars pulled from #emergingmarkets will start coming back as #US borrowing costs drop. #Africa #Investment #BrandAfrica #AfCFTA #Debt #InterestRate https://lnkd.in/e4S-YvZZ

Canada’s Lucara Diamond (TSX: LUC) has dug up a 1,094-carat #diamond from its Karowe mine in #Botswana. This is the sixth diamond weighing more than 1,000 carats to be recovered at the mine, and it comes only weeks after the recovery of a 2,492 carat diamond — the second-largest diamond ever recovered. https://lnkd.in/ekTZG-EQ

Interest in #gold investing has grown substantially over the past few years, and this year has been particularly notable for the precious #metal. Since early 2024, the price of gold has been climbing, and the uptick has been nothing short of remarkable, with gold shattering multiple price records so far this year. #Africa #AfCFTA #Partnership #AUC #AfDB #Invest #Trade #OneAfrica #Investment #Gold #Agenda2063 #Growth #AfCFTATrade #ThisIsAfrica #BrandAfrica #Diaspora #TradeInAfrica #SEZ #PanAfrican #JICH #BuildBackBetter #PeaceInAfrica #Peace #AfricanUnity #Sudan https://lnkd.in/eNwm6yHw