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Daily Mail
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Panic as China's richest man buys up land in America's hottest housing market
In the peaceful, tree-lined streets of Nashua, New Hampshire, where American flags flutter on porches and neighbors still wave from driveways, a storm is brewing. This charming town has recently earned the title of the hottest housing market in the US - a status fueled by soaring home prices and an influx of buyers priced out of nearby Boston.
Reuters
7 minutes ago
- Reuters
Citi raises gold forecast to $3,500/oz over next 3 months on negative US outlook
Aug 4 (Reuters) - Citi raised its gold price forecast over next three months to $3,500 per ounce on Monday from $3,300, and the expected trading range to $3,300–$3,600 from $3,100–$3,500, on the belief that near-term U.S. growth and inflation outlook has deteriorated. "U.S. growth and tariff-related inflation concerns are set to remain elevated during 2H'25, which alongside a weaker dollar, are set to drive gold moderately higher, to new all-time highs" the bank said. Last week, U.S. President Donald Trump imposed steep tariffs on exports from dozens of trading partners, including Canada, Brazil, India and Taiwan. The tariffs imposed last week on scores of countries are likely to stay in place rather than be cut as part of continuing negotiations, Trade Representative Jamieson Greer said on CBS show "Face the Nation" aired on Sunday. Last week, the dollar weakened after nonfarm payrolls increasing by 73,000 jobs last month, after rising by a downwardly revised 14,000 in June, which revived hopes of a Fed rate cut in September, with markets now pricing in an 81% chance, per CME FedWatch tool, opens new tab Citi also highlights weaker U.S. labor data in second quarter of 2025, institutional credibility concerns have increased regarding the Federal Reserve and US statistics, and elevated geopolitical risks related to the Russia-Ukraine conflict. Gold, traditionally considered a safe-haven asset during political and economic uncertainties, tends to thrive in a low-interest-rate environment. Citi estimates gross gold demand has risen over one-third since mid-2022, nearly doubling prices by second quarter of 2025. The strength in gold demand was driven by strong investment demand, moderate central bank buying and resilient jewellery demand despite higher prices, the bank added. Spot gold was trading at $3,356.88/oz at 0340 GMT on Monday.
BBC News
7 minutes ago
- BBC News
Norwich man 'demoralised' after Ryanair damages wheelchair
A wheelchair rugby player says he feels "demoralised" after an airline refused to pay the full cost of replacing his damaged Connor-Saunders, 28, who has cerebral palsy, arrived back at London Stansted Airport on a Ryanair flight from Toulouse, France, to find his £9,000 bespoke chair bent out of Connor-Saunders, of Norwich, described Ryanair's offer of £1,500 compensation as "insulting," saying it was only a fraction of the cost of a new chair. A Ryanair spokesperson said the company had offered the maximum compensation he was entitled to. Mr Connor-Saunders, who plays for London WRC, is a personal back at Stansted last December after a tournament, he saw the back of his wheelchair - which he uses in everyday life, but not for rugby - had been said it was "demoralising" as he used the made-to-measure chair for "everything"."A wheelchair is not your generic medical kit, or it's not your generic luggage that's lost and damaged and can be easily replaced," he said. Mr Connor-Saunders, who did not have travel insurance, said the company that made it told him it could not be used a hammer to straighten out the bent frame but said it was now painful to sit in, and he thought it was likely to break soon."I'm just sitting on a ticking time bomb at the moment," he said."I can only bear to be in my chair for two to three hours at a time or I'm in pain for the rest of the day." Emails state that the airline has accepted responsibility for damaging the wheelchair and has offered him £1,500 in compensation."That wouldn't even cover the costs of two wheels, let alone replacing the chair," said Mr Connor-Saunders."This has stopped me from being able to work. I'm incapable of fronting up that extra money myself."A spokesperson from Ryanair said wheelchair handling at Toulouse Airport was provided by a separate company that it paid for."Under the Montreal Convention, the maximum compensation this passenger is entitled to is £1,500," the spokesperson added. Follow Norfolk news on BBC Sounds, Facebook, Instagram and X.
