Tag Archives: GOLD

Vertu showed off its smartphone with a flexible display

Vertu has introduced a premium flexible display smartphone Ayxta Fold 5G. But there is nothing interesting in it: they took Royole FlexPai 2 as a basis and added “luxury”.

Outside is a 7.8-inch display with a resolution of 1920 × 1440 pixels. This is an OLED matrix. The block with 64, 16, and 8-megapixel cameras are located on the side, the front camera is 32 megapixels.

The processor is the Snapdragon 865 with support for fifth-generation networks. RAM 12 GB, for data storage — 512 GB.

Battery capacity 4450 mAh with support for 18W charging.

The smartphone is available in black, brown, red, blue, and orange. Leather trim, but no gold or other premium materials. Smartphone Ayxta Fold 5G costs 45,000 yuan.

Gold quotes moved to decline due to the approach of mass vaccination

Hopes for early mass vaccination against coronavirus pushed precious metals prices down on Monday.

During the auction, gold fell 0.31% to $1,837.85 per troy ounce. Silver dropped in price by 0.33% — to $24.015 per ounce.

The pressure on gold will continue in the short term due to the strengthening of the stock market and the flow of capital from ETF funds to equities. At the same time, analysts at the Australian bank ANZ expect a significant increase in the value of this precious metal in 2021, fueled by a weaker US dollar, low-interest rates, as well as a slower start of vaccinations, which is expected to begin only in the second half of the year.

According to their estimates, in the first quarter of next year, gold will rise in price to $1,900 per troy ounce. At the same time, their forecast assumes an increase in the price of gold over the next twelve months to $2,100 per ounce.