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PETALING JAYA: Gold lost some of its glitter over the past few days, plunging to its lowest in two years as investors ditched the precious metal on fears of central banks – like Cyprus, and other weak eurozone economies – selling some of their reserves.
TORONTO: A steep drop in the price of gold will hit profits at mining companies that are already straining under rising costs, and could prompt some miners to rethink their capital spending.
KUALA LUMPUR: The year 2013 turned out to be a bumper year for physical gold as consumers around the world bought the yellow metal in record amounts, with China and India leading the way, report the World Gold Council.
SINGAPORE: China has begun allowing gold imports through its capital Beijing, sources familiar with the matter said, in a move that would help keep purchases by the world's top bullion buyer discreet at a time when it might be boosting official reserves.
SINGAPORE: One of the most popular questions at mining conferences is what is your top metal and why are you bullish on it. The clear winner so far this year is gold.
LAUNCESTON, Australia: If the adage “follow the money” is to be applied to commodities, then currently the place looking most attractive to investors is gold mining.
GEORGE TOWN: The Penang Goldsmith Association (PGA) is projecting the value of Malaysia’s gold jewellery exports to stay at about RM6bil in 2018, compared with RM6.7bil achieved in 2017.
GEORGE TOWN: The Penang Goldsmith Association (PGA) is projecting the export of Malaysia’s gold jewellery at an estimated RM6.7bil this year, up from an earlier forecast of RM4bil in March.