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Business

Gold near 3-year low, heads for worst quarter since 1968

SINGAPORE: Gold fell below $1,200 on Friday to its lowest since August 2010 before recovering, and is on track to post its worst quarter since at least 1968 on persistent worries over the U.S. Federal Reserve's plan to wind down its monetary stimulus.

Business

Starved of gold, Indians may turn to silver

Indian silver imports are on pace to hit a record high this year as the wedding and festival season drives up buying of the precious metal instead of the traditional gold, which has been made scarcer and dearer by official measures aimed at cutting the trade gap.

Business

China well ahead of India as top gold consumer: WGC

China is set this year to usurp India as the world's biggest gold consumer by a convincing margin as strict import rules introduced by New Delhi bite, forecasts from the World Gold Council showed on Thursday.

Business

China’s gold imports to plunge

MUMBAI: China’s gold imports could fall as much as 40% this year as demand for bullion used to back domestic financing deals decreases, the world’s biggest refiner Valcambi said.

Business

Higher gold jewellery price likely

GEORGE TOWN: Labour charges for gold jewellery items in the country are expected to rise by 15% to 30% at end-June, depending on the design.

Business

Gold up nearly 10% in 3 weeks

Gold edged higher on Friday, staying on track for its third straight weekly gain, helped by a weaker dollar and hopes of a prolonged period of easy monetary policy.

Business

Gold heads for second weekly loss as Fed doubts persist

LONDON, Aug 9 (Reuters) - Gold prices eased back below $1,310 an ounce on Friday to head for a second straight weekly loss, as the dollar recovered from this week's seven-week low and uncertainty persisted over the outlook for U.S. monetary policy.

Business

Bursa to unveil gold futures trading in ringgit on Monday

GEORGE TOWN: Bursa Malaysia will introduce gold futures trading in local currency on Oct 7 in a move to stamp out illegal gold trading activities in the country.

Business

Gold futures trading on Bursa from Monday (Update)

KUALA LUMPUR: Bursa Malaysia will begin gold futures trading on Monday Oct 7, marking a move to offer precious metal futures, thereby deepening the capital markets in the country.

Business

Gold extends winning streak to 5th week

SINGAPORE: Gold was trading close its highest in seven weeks on Friday, poised for a 5th straight weekly climb as weaker equities burnished its safe-haven appeal.