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Business 07 Jan 2020 | 7:00 AM

Gold hits highest since 2013 as Goldman backs bullion in crisis

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.

Business 16 Dec 2016 | 12:00 AM

Gold retreats to lowest in 10 months

SINGAPORE: Gold just took it on the chin, socked by the Federal Reserve.

Business 25 Aug 2016 | 12:00 AM

Glencore profit tumbles 66% after metal, coal rout

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.

Business 29 Jun 2016 | 12:00 AM

Brexit may be start of major gold bull market

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.

Business 30 May 2016 | 12:00 AM

Australian gold output slips 2% as miners dig lower grade ore

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.