This week in Money

6.1%

South Africa’s inflation rate fell to a six-month low in March after food price increases slowed. Consumer inflation eased to 6.1 per cent from 6.3 per cent in February, Statistics South Africa said in a report released on Wednesday.

StanChart launches digital wealth advisory tool

Standard Chartered Private Bank has introduced Advice, a digital wealth advisory tool for its relationship managers that integrates the bank’s investment recommendations with Thomson Reuters’ real-time market information. The tool covers equities, bonds, funds, foreign exchange and derivative structured products as well as access to the latest news across economies, industries, companies and governments.

Quote:

"Evidence that consumers are opting to maintain spending rather than belt-tighten provides a positive signal for UK economic growth in the short-term."

Tim Moore, senior economist at IHS Markit, on UK households’ reacting to rising prices.

Volvo rolls out April deals

Volvo has announced an offer on its 2017 Volvo XC60 this month. The XC60 is available with an initial payment of Dh3,600 followed by 24 monthly payments of only Dh1,999 under the Volvo personal contract plan. After two years, customers will have the option to either renew the agreement, retain the vehicle by paying the balance or return the vehicle. In addition, Trading Enterprises is also offering three years unlimited warranty and roadside assistance. Volvo also has offers on its XC90 and S90 models.

Gold to hit US$1,350 high by the year-end

Gold will end the year higher, spurred by faster inflation and political tensions in Russia, Syria and North Korea, according to Intesa Sanpaolo, the best forecaster for the metal last quarter. Prices could take a V-shaped path this year, with a swoon coming mid-year as the Federal Reserve raises US interest rates, said Daniela Corsini, an analyst at the bank.

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