Gold rose 0.7 percent to $1,240.38 an ounce as the dollar turned lower.
Energy
Brent crude was up 0.84% to US$49.31 per barrel 2.57pm.
Forex
Ringgit down 0.23% to 4.4300 per US dollar at 3.06pm.
Top foreign stories
Eurozone nations turn to hedge funds to meet borrowing needs: Eurozone governments are increasingly relying on hedge funds to help them meet their borrowing needs, which risks leaving them vulnerable to a debt market sell-off driven by a class of investors dubbed “fast money” for their speculative approach. - Reuters
Gold rises for second day on Asia physical buying, dollar drop: Gold prices climbed for a second day on Tuesday, buoyed by an easing US dollar and physical buying in Asia. Spot gold was up 0.3% at US$1,217.35 an ounce by 0628 GMT. The previous day, it advanced 0.4% to snap three sessions of losses. — Reuters
Top local stories
Setia EcoHill enlists MBO Cinemas: Setia Ecohill Sdn Bhd, a subsidiary of property developer SP Setia Bhd
, has signed up MBO Cinemas as its anchor first tenant in EcoHill Walk Mall. MBO Cinemas will take up 58,000 sq ft in the neighbourhood mall in Setia EcoHill, Semenyih. — StarBiz
Stronger Q4 earnings expected for Star Media Group: Analysts expect Star Media Group Bhd to post stronger fourth-quarter results as it is a seasonally stronger period, coupled with expected higher contribution from Singapore-listed subsidiary Cityneon Holdings Ltd. — StarBiz
Bank Negara’s international reserves at RM407.8b: Bank Negara’s international reserves stood at RM407.8bill (US$98.3bil) as at Nov 15, 2016 compared with RM405.5bil (equivalent to US$97.8bil) as at Oct 31, 2016. — StarBiz
HLB first-quarter earnings up 8% to RM542.6m: Hong Leong Bank Bhd’s net profit for its first quarter rose 8% to RM542.63mil from RM502.96mil in the previous corresponding period, mainly due to higher net income, higher share of profit from an associated company. Revenue stood at RM1.10bil from RM1.02bil a year earlier. — StarBiz
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