Gold MYR 382.38 / g
Silver MYR 4.42 / g
MYR 1.00 = USD 0.23

Blog / Articles for "Precious Metals"

Gold pares gains after JOLTS report, more US data eyed

Dec 3 (Reuters) - Gold prices trimmed gains on Tuesday after strong U.S. jobs data hinted at a cautious approach to rate cuts by the Federal Reserve, while a softer dollar and easing Treasury yields capped losses as markets awaited further economic cues.

04

Dec
Gold hits 1-week high as Russia-Ukraine tensions boost rush to safety

Nov 19 (Reuters) - Gold prices climbed for a second consecutive session on Tuesday, hitting a one-week high as mounting Russia-Ukraine tensions sparked a rush for safe-haven assets, while investors awaited key signals on the Federal Reserve's interest rate plans.

20

Nov
Gold Market Shows Signs of Support After Breaking Below $2,600

In recent trading, December Gold futures demonstrated significant volatility, briefly dipping to $2595.70 before recovering above the crucial $2600 level to settle at $2606.

13

Nov
Decisive election outcome and dollar strength move gold sharply lower

Gold prices plummeted in dramatic fashion today following Donald Trump's landslide victory in the presidential election.

07

Nov
Safe-haven buying, bullish charts fuel price gains for gold, silver

Gold and silver futures prices are up in early U.S. trading Monday, with gold near Monday’s record high of $2,755.40, basis December Comex futures, while silver futures overnight hit another 12-year high.

23

Oct
Gold sprints to record high on US election uncertainty, rate-cut bets

Gold hit an all-time high on Thursday, steered by uncertainty surrounding the US election and expectations of more interest rate cuts by major central banks, while spotlight shifted to a slew of US data.

18

Oct
Gold gains on lower yields, traders await more US data

Oct 15 (Reuters) - Gold edged higher on Tuesday lifted by retreating Treasury yields, while investors cautiously awaited more data that could offer fresh clues on the Federal Reserve's monetary easing cycle.

16

Oct
Gold eases for sixth session as dollar marches upward

Oct 9 (Reuters) - Gold retreated for the sixth straight day on Wednesday on an advancing dollar and diminished expectations for a larger rate cut from the Federal Reserve in November.

10

Oct
Middle East crisis shows Bitcoin is a risk asset, gold is the true safe haven

Referring to Bitcoin (BTC) as a safe haven has drawn the ire of many precious metals advocates who tout gold’s long history of serving as a reliable store of value while BTC’s price action is more akin to a roller coaster. According to one analyst, the latest flare-up in the Middle East has underlined this point as Bitcoin fell 6% while the yellow metal rallied higher.

03

Oct
Wall Street split between gains and losses for gold, Main Street tempers its enthusiasm for next week

After the Federal Reserve kicked off its easing cycle with a bigger-than-expected 50 basis point cut last week, precious metals investors took the ball and ran with it this week, setting new all-time high prices for gold across six consecutive trading sessions.

28

Sep