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Malaysia’s gold output on the rise

KUALA LUMPUR: While Malaysia’s gold industry has been dominated by its downstream sector, it is interesting to note that the upstream sector has grown three-fold in the past decade, to RM780mil in 2015 from RM211mil in 2006.


Borneo Oil a strong proxy for gold

THE steep rally in gold prices this year has helped to push up the shares of Borneo Oil Corp Bhd.


Gold outshines bonds, equities in challenging times

GOLD, the precious metal that glitters and acts as an instrument to store the value of money has gained nearly 17% this year to be among the top performing commodities.


Gold scarcity takes shine off Deepavali

In India's biggest bullion market, Mumbai's Zaveri Bazaar, gold dealers are busy – not filling orders for customers, but busy avoiding phone calls because they don't have any gold to sell.


China to ease gold trade restriction

China's central bank is planning to increase the number of firms allowed to import and export gold and will also ease restrictions on individual buyers of the precious metal, according to a draft policy document issued on Monday.


China's gold consumption edge up, gold bar demand slumps

SHANGHAI: China's demand for gold bars fell nearly 44% in the first quarter of 2014 from year ago, even as total gold consumption edged up about 0.8% during this period, the China Gold Association said on Wednesday.


Gold sell-off wipes US$8bil off miners market value, gold index at 6-1/2yr low

LONDON: A steep sell-off in shares of gold miners, tracking a plunge in the metal's price, wiped out more than US$8 billion from their combined market value on Monday and pushed a global index of gold stocks to a 6-1/2-year low.


Gold demand slid 15% in 2013 as investors sold bullion

LONDON: Gold demand fell 15% in 2013 as huge outflows from physically backed investment funds outweighed record consumer demand, but that heavy disinvestment is tailing off this year, pointing to a recovery, the World Gold Council said on Tuesday.


China may have 1,000 tonnes of gold tied in financing: WGC

SINGAPORE: Chinese firms could have locked up as much as 1,000 tonnes of gold in financing deals, an industry report said, indicating a big a slice of imports has been used to raise funds due to tight credit conditions, rather than to meet consumer demand.


Modi’s cash ban succeeds in lowering gold imports

MUMBAI: It seems the only way to stop Indians from buying more gold is to take their money away.