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11/05/2025
FTSE A50 futures continued to fall in overnight trading, dropping by 0.29% to close at 13187 points.
Latest
13 m ago
Our foreign exchange reserves have remained stable at over $3.2 trillion for 17 consecutive months.
15 m ago
The CPI in April rose by 0.1% compared to the previous month, and prices in some areas showed positive changes.
24 m ago
Economic Daily Jin Guanping: Give full play to the advantages of the super large-scale market.
48 m ago
Recently, the price of gold has been fluctuating at a high level and has reached new highs multiple times. Some investors are tempted by the high returns and are trying to profit from gold trading by using credit cards to cash out or misappropriating consumer loan funds. Many related strategies have also appeared on social media platforms. According to reporters, this arbitrage method usually involves first using a credit card to purchase gold at physical gold stores or online platforms during the interest-free period, waiting for the gold price to rise, and then selling the gold to make a profit by paying off the bill and profiting from the price difference. Sometimes, the cost of purchasing gold can be further reduced through credit card discount activities. In response to this improper investment behavior, many banks, such as Industrial Bank, Bank of Communications, Jiangsu Bank, and Guangfa Bank, have recently issued announcements explicitly prohibiting the flow of credit card funds into the gold and stock investment fields, and violators will face control measures. (Economic Daily)
48 m ago
Banks strictly prohibit cashing out credit cards for "gold speculation".
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