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Still profits to be made from investing in gold – This is Money

David Coombs, head of multi-assets at investment manager Rathbones, says that with interest rates going nowhere for the time being, he remains a ‘buyer of gold at this level’.

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There are still profits to be made from investing in gold, according to leading asset managers. 
David Coombs, head of multi-assets at investment manager Rathbones, says that with interest rates going nowhere for the time being, he remains a ‘buyer of gold at this level’. The gold price closed on Friday at just above £1,420 an ounce, 25 per cent up over the past year. 
Coombs’ confidence in gold is reflected in the fact that the biggest holding in the £700million Strategic Growth Portfolio he man ages for Rathbones is a stake in a fund iShares Physical Gold that tracks the gold price. 
Solid investment: The gold price currently stands at just above £1,420 an ounce, 25 per cent up over the past year
His bullish view is shared by Ian Williams, manager of the Charteris Treasury Gold & Precious Metals Fund. He believes that the price of gold could hit £1,750 an ounce by the end of the year. 
He says the price will be driven up by strong seasonal demand and continued uncertainty over the outlook for the global economy. 
The Charteris fund has 25 holdings in mining companies. Among its biggest stakes are FTSE100-listed companies Fresnillo and Polymetal. 
Williams believes commodity prices generally could be on the cusp of a ‘major new bull market’ with price increases for metals fuelled in part by the transition from petrol to electric cars. 
Over the last year, the Charteris fund has generated a return of 60 per cent.  
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Alliance pounces on planes deal, buying 14 Embraer jets – The Australian

A $111m deal done entirely over the internet will see Brisbane-based airline Alliance take delivery of 14 Embraer E190 jets from September.

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A $111m deal done entirely over the internet will see Brisbane-based airline Alliance take delivery of 14 Embraer E190 jets from September.
The seemingly COVID-resistant carrier raised the funds in an institutional placement and share purchase plan in June after seeing the opportunity to expand its fleet at a good price in the current pandemic.
Alliance managing director Scott McMillan said the second-hand jets from Azorra Aviation in the US were previously operated by Panama’s Copa Airlines,…

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‘Disgusting’: Woman’s photo at Woolworths checkout sparks debate – Yahoo News Australia

A Woolworths customer accused the shopper in front of her of ‘hoarding’ but people quickly came to the defence of the woman’s large purchase.

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A Woolworths customer has lashed out at another shopper, describing her as a hoarder for her enormous grocery shop in a Victorian store.
A customer wrote on the Woolworths Facebook page on Sunday they were disappointed and angry when the woman spent about $1200 at a store in Highett, in Melbournes southeast.
Her items included about 15 trays of mince. So, so selfish, the customer wrote just before the supermarket reinstated purchase limits in the state.
The post was accompanied by an image of…

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Solomon Lew decries government ‘inaction’ as retail shutdown announced – Sydney Morning Herald

Billionaire retailer Solomon Lew has hit out against new limits on retail trade in Victoria, accusing the Andrews government of causing unnecessary damage to the economy.

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“We expect significant consequences from the inaction, in particular, vast amounts of cost in federal government stimulus that is going to be required to support the Victorian community through this challenging period.”
Major retailers such as Harvey Norman, JB Hi-Fi, Officeworks and David Jones, which traded through the first and second lockdowns in the state, will now be required to shut their doors for the next six weeks due to the rule changes.
Supermarkets, liquor stores, newsagents, fuel…

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