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Geopolitics to boost ‘haven’ gold in 2024: industry

The World Gold Council predicts a significant increase in gold demand in 2024 due to geopolitical uncertainty, despite a slowdown in consumer demand. The record-high price in 2023 was influenced by factors such as the Israel-Hamas war and speculation about US interest rate cuts. Central bank buying and geopolitical instability are expected to drive gold demand this year.

IKEA cuts prices to boost sales

IKEA is slashing prices on various products in countries like Belgium, Canada, and India to reverse 2022 increases. Cost decreases and lower raw material prices are driving this initiative to boost sales. The aim is to restore prices to pre-pandemic levels. Despite global shipping disruptions, this strategy remains unaffected. Ingka Group is the primary global franchisee of IKEA.

COAS vows to ramp up crackdown on illegal activities to boost economy

In a firm commitment to protect Pakistan's economic interests and enhance security, Chief of Army Staff (COAS) General Syed Asim Munir has announced an intensified effort to combat a wide range of illegal activities. This effort will involve close coordination with law enforcement agencies (LEAs) and government departments.