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Singapore: Gold has surged to the highest level in more than six years as fast-rising tensions in the Middle East stoked demand for haven assets, with Goldman Sachs Group Inc saying that bullion offered a more effective hedge than oil to the crisis. Palladium extended gains to an all-time high.
SINGAPORE: Gold surged to the highest level in more than six years as fast-rising tensions in the Middle East stoked demand for haven assets, with Goldman Sachs Group Inc. saying that bullion offered a more effective hedge than oil to the crisis. Palladium extended gains to an all-time high.
SINGAPORE: Gold headed for the biggest weekly loss in more than two years as progress in U.S-China trade talks hammered demand for havens and sent miners’ shares tumbling.
SINGAPORE: Gold futures rallied above US$1, 500 an ounce on sustained demand for the traditional haven as the US-China trade war festers, global growth slows and central banks around the world ease monetary policy.
SYDNEY: Gold miners in Australia, the industry’s most profitable operators, are facing a slump in output that’ll leave the nation trailing key rivals -- and they’re being warned to resist the temptation to replace fading mines with high-cost production.
LONDON: Glencore Plc, the miner and commodity trader run by bilaire Ivan Glasenberg, reported a 66% drop in first half profit on lower raw materials prices.
SINGAPORE: Gold may stand at the start of a major bull market should the UK’s Brexit vote prove to be a forerunner of greater political and financial instability around the world, according to Evolution Mining Ltd’s Jake Klein, a veteran of more than 20 years in the industry.
SYDNEY: Gold output in Australia, the world’s second biggest producer, slipped 2% in the first quarter, due in part to mining of lesser grade ores during a period of higher bullion prices, a survey released on Sunday showed.