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PETALING JAYA: Shares in Poh Kong Holdings Bhd and Tomei Consolidated Bhd hit limit up after jumping more than 30%, as gold prices hit a fresh record high of US$2,000 per ounce.
NEW YORK: Some investors are worried the U.S. response to the coronavirus pandemic is dealing a body blow to the dollar, potentially accelerating what has so far been a slow erosion in the greenback's status as the world's dominant reserve currency.
GOLD rallied into record territory above $2,000 an ounce as investors assessed increased geopolitical risks and the prospect for further stimulus to combat fallout from the pandemic.
LONDON: Britain's banks took a gloomier view than almost all their European peers in their second quarter earnings, as coronavirus fears, Brexit and low interest rates caused them to take tougher "worst-case" scenarios into their risk models.
KUALA LUMPUR: The ringgit rebounded against the US dollar on mild demand for the local currency riding on the stabilising crude oil price, a dealer said.
When her husband suddenly died, Nakimo set up a small shop in Bhutan’s southern Chukha district to provide for her family of seven, then began growing hazelnut trees, which not only boosted her income, but also helped preserve the soil on her land.
NEW YORK: Wall Street ended higher after a choppy session on Tuesday, lifted by Apple and energy stocks but limited by declines in AIG and Microsoft while investors awaited more U.S. government stimulus to fight economic fallout from the COVID-19 pandemic.
LONDON: European shares fell after opening higher, following a mixed bag of earnings results, while the dollar's rebound stalled as investors waited for progress in talks on government aid in the United States.
BENGALURU: Gold held steady near record highs on Tuesday as worries over global economic fallout from mounting COVID-19 cases offset an uptick in risk sentiment driven by positive U.S. economic data.