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Business

Gold inches up on softer dollar, all eyes on US jobs

Gold edged higher on Friday as the dollar came off seven-week highs, but investors were looking ahead to US non-farm payroll numbers to gauge the strength of the US economic recovery and the outlook for the Federal Reserve's monetary policy.

Business

Gold extends gains to 4½ months

SINGAPORE: Gold climbed for a second session on Wednesday to its highest in 4½ months, as global uncertainty over economic growth and tensions in Ukraine burnished the metal's safe-haven appeal.

Business

Gold on target for biggest weekly fall in 6 months

SINGAPORE: Gold edged up on physical buying on Friday but was on track for its biggest weekly fall since September as the dollar firmed after the US Federal Reserve hinted at an interest rate hike in the first half of 2015.

Business

Dr M: Malaysia needs proper gold trade rules to curb illegal profit taking

There is a need for proper regulations enacted to govern gold trading in Malaysia to curb illegal profit-taking by unscrupulous parties, Tun Dr Mahathir Mohamad said.

Business

Public Gold to be at KL jewellery fair

GEORGE TOWN: Public Gold Group will showcase its collection of gold and silver bullion bars and dinars at the forthcoming Malaysia International Jewellery Fair (MIJF) scheduled to be held from July 12 to 15 at the Kuala Lumpur Convention Centre.

Business

Gold falls after two-day rise on China growth fears

SINGAPORE: Gold slipped on Wednesday after two days of gains as weak China trade data raised fears of an economic slowdown in the world's second-biggest consumer of the metal.

Business

Gold rebounds as Tokyo bullion rallies

Gold came off an intra-day low on Friday and was on track for its second weekly gain, boosted by a rally in Tokyo bullion futures on a weaker yen and speculative buying ahead of an election in Japan at the weekend.

Business

Struggling Aussie gold miners eye outside backers

Australia's Alacer Gold Ltd said it expects to receive bids within a month to sell two gold mines, in a sign that merger activity in the sector may be starting to stir after a slump in bullion prices.

Business

Gold slides to 3-month low on U.S. debt deal hopes

LONDON: Gold fell to its lowest in three-months on Tuesday as hopes that policymakers are close to resolving U.S. debt negotiations in Washington lifted stock markets, curbing interest in the metal as a refuge from risk.

Business

China's gold demand surges, tops 1,000 tonnes

BEIJING/SINGAPORE: China's gold consumption jumped 41% in 2013 to exceed 1,000 tonnes for the first time, an industry body said on Monday, as a sharp slide in prices attracted buyers for jewellery and bullion.