Gold rises as US dollar weakens
CHICAGO: Gold futures on the COMEX division of the New York Mercantile Exchange rose on Thursday as the US dollar index weakened, according to Xinhua. The most active gold contract for August delivery rose 13.40 US dollars, or 0.68 per cent, to close at 1,995.50 dollars per ounce. The market is waiting for the monthly jobs report […]
US dollar tumbles as inflation moderates, gold rises
NEW YORK: The US dollar dipped in late trading on Thursday as the Federal Reserve’s preferred gauge of inflation slowed in October reported Xinhua. The US Commerce Department reported Thursday that the US personal consumption expenditures (PCE) price index increased 0.3 per cent in October, for a 6 per cent year-on-year gain, down from the upwardly revised […]
Rush to buy gold is on
MIRI: For the past two weeks, customers have been rushing to goldsmith shops following a drop in the prices of gold. In Miri, New Sarawak Tribune found long queues outside goldsmith shops at Jalan Cina here as customers waited patiently for their turn to buy gold jewellery. For many members of the public, gold is […]
Check your emergency fund before investing in gold
BY NOOR SYAHHIRA HADY & SARAH HAFIZAH CHANDRA KUCHING: As a form of defensive asset, most people are choosing to buy gold due to its lower prices per gramme currently instead of investing with the banks. Dr Rayenda Khresna Brahmana, an economist, said gold was an asset that reacted inversely with the optimism in the […]
Poh Kong expects higher gold prices next year
KUALA LUMPUR: Poh Kong Holdings Bhd expects gold prices to be on an uptrend next year to reach between US$1,600 and US$1,700 per ounce compared with US$1,500 per ounce on average this year. Executive chairman and group managing director Datuk Choon Yee Seiong said the group was optimistic that demand for gold related products would […]
