Gold price plunge spurs CNMC Goldmine selloff

5 Oct 2016 - Business Times Breaking News
GOLD producer CNMC Goldmine fell on Wednesday after gold prices suffered their biggest daily decline since June 2013. By 10.53am, the counter was trading at S$0.54, down three cents or 5.3 per cent. Nearly seven million shares worth S$3.7 million were traded.
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Daily Markets Briefing: STI up 0.05%

4 Oct 2016 - Singapore Business Review
Pullback on Wall Street could hurt the local bourse today. OCBC said that U.S. stocks closed lower on Monday, as manufacturing data came in better than expected but concerns remain over Deutsche Bank and U.K. Prime Minister Teresa May’s plans on Brexit. Nine out of 11 S&P 500 industries ended lower, ...
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Gold hits one-week low as US dollar firms

28 Sep 2016 - Business Times Breaking News
[BENGALURU] Gold inched lower on Wednesday to touch a one-week low, after suffering its biggest single-day loss in nearly a month in the previous session, on a firmer US dollar. The safe haven asset slid nearly 1 per cent on Tuesday, its biggest single session percentage loss since Aug 30, as investors ...
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Gold inches higher as investors weigh US debate, Fed rate path

27 Sep 2016 - Business Times Breaking News
[MELBOURNE] Gold inched higher, rising for a seventh day in its longest winning streak since February, as investors weigh the potential impact of November's US election and the outlook for a rate hike this year. Bullion for immediate delivery was 0.1 per cent higher at US$1,338.88 an ounce as of 11:21am ...
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India growing 8% a year helping oil, gold demand: Citi research

26 Sep 2016 - Business Times Breaking News
[SINGAPORE] India has become the centre of the world's oil demand growth and the country's economic growth will affect global commodities, Citigroup Inc said in a research note. The world's second-largest country by population after China will see its economy expand at about 8 per cent a year through ...
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Gold holds gains as US dollar drops after Fed dials back rate view

26 Sep 2016 - Business Times Breaking News
[SINGAPORE] Gold held its biggest weekly advance in two months as the US dollar weakened after the Federal Reserve refrained from raising interest rates and scaled back tightening plans. Bullion for immediate delivery rose 0.1 per cent to US$1,338.91 an ounce at 8:15am in Singapore after a 2.1 per cent ...
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Gold sparkles as central bank largesse burnishes investor demand

23 Sep 2016 - Business Times Breaking News
[SINGAPORE] Gold's on a roll, courtesy of the Federal Reserve. The precious metal is heading for the biggest weekly advance July after US central bankers opted once again to leave interest rates unchanged while reining in their outlook for future increases. Bullion for immediate delivery??traded little ...
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Gold at 1-1/2-week high after Fed holds rates steady

22 Sep 2016 - Business Times Breaking News
[NEW YORK] Gold prices rose to 1-1/2-week highs on Wednesday, extending gains after the US Federal Reserve held interest rates unchanged but sent a strong signal for monetary policy tightening before the end of 2016. "The case for an increase in the federal funds rate has strengthened," the US central ...
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Gold drops on stronger US dollar after BOJ; eyes Fed meeting

21 Sep 2016 - Business Times Breaking News
[BENGALURU] Gold prices edged lower on Wednesday as the US dollar rose after the Bank of Japan overhauled its stimulus programme, with investors turning their focus to the US Federal Reserve's policy outcome on interest rates later in the day. Spot gold fell 0.3 per cent to US$1,311.43 an ounce by 0449 ...
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Gold seen entering long-term bull market as asset bubbles burst

21 Sep 2016 - Business Times Breaking News
[SINGAPORE] Gold will likely soar to a record within five years as asset bubbles pop in everything from bonds to credit and equities, forcing investors to find a haven, according to Old Mutual Global Investors' Diego Parrilla. The metal is at the start of a multi-year bull run with a "few thousand dollars ...
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