SINGAPORE (Reuters) – Gold bullion purchases across Asia slowed this week as a long rally in prices discouraged buyers, with traders keeping a close watch on top consumer India ahead of a festival that usually sparks strong demand for the metal.
Before dipping on Friday, spot gold had rallied the seven days through Thursday in the longest winning stretch since 2012 on a softer dollar and caution from the Federal Reserve over U.S. interest rate hikes.
SINGAPORE, March 27 (Reuters) – Gold bullion purchases
across Asia slowed this week as a long rally in prices
discouraged buyers, with traders keeping a close watch on top
consumer India ahead of a festival that usually sparks strong
demand for the metal.
Before dipping on Friday, spot gold had rallied the
seven days through Thursday in the longest winning stretch since
2012 on a softer dollar and caution from the Federal Reserve
over U.S. interest rate hikes.
SINGAPORE (Reuters) – Gold eased on Friday as traders booked profits after a seven-day rally and as the dollar rebounded on strong U.S. data, but the metal looked set to post its second straight weekly gain on expectations U.S. interest rates will stay low for longer.
Tensions in the Middle East after Saudi Arabia and its allies launched air strikes in Yemen provided some support to gold, seen as a safe-haven asset.
SINGAPORE (Reuters) – Gold edged lower on Wednesday after a five-day rally, but stayed close to a 2-1/2-week high on growing expectations the U.S. Federal Reserve would not raise interest rates until September.
Spot gold had eased 0.4 percent to $1,188.15 an ounce by 0329 GMT, but was not too far from a peak of $1,195.30 reached the session before.
SINGAPORE, March 24 (Reuters) – If Lee Kuan Yew represented
the Singapore of yesteryear, his death this week raises the
question of whether the generation of leaders in waiting will
reshape the mould that transformed the city-state from a
colonial backwater to a haven of prosperity.
While Lee had long retired from active leadership, his son,
Prime Minister Lee Hsien Loong, is still the standard-bearer of
a free-market model that relied on efficiency, low taxes, zero
tolerance for corruption and a distaste for the welfare state.
SINGAPORE (Reuters) – Gold gave back some gains from a four-day rally on Tuesday but the metal was still near a two-week high touched earlier as expectations grew that a hike in U.S. interest rates could be pushed to September.
Spot gold dipped slightly to $1,186.26 an ounce by 0300 GMT. The metal had climbed to $1,191.50 on Monday, its highest since March 6, as it rose for a fourth straight day.
SINGAPORE (Reuters) – Gold held recent gains to trade near a two-week high on Friday and was headed for its biggest weekly jump since January, after the Federal Reserve cautioned over its rate hike path and U.S. economic growth.
Spot gold was steady at $1,170.60 an ounce by 0319 GMT, near a two-week high of $1,177.46 hit on Thursday. The metal is up about 1 percent for the week – its biggest weekly gain since late January.
SINGAPORE, March 19 (Reuters) – Gold rose to its highest in
nearly two weeks on Thursday after the U.S. Federal Reserve
signalled a slower pace of interest rate hike and gave a
cautious outlook for the U.S. economy.
The Fed’s dovish stance sent the dollar lower although the
greenback clawed back some lost ground in afternoon trading in
SINGAPORE, March 19 (Reuters) – The Perth Mint is set to
increase production of its platinum coins this year as a price
slump has made the white metal cheaper than the more popular
precious metal, gold.
Sales of the mint’s 2015 platinum coins have already
exceeded last year’s levels, and the mint is looking to produce
much more than what it sold in the last two years combined.
SINGAPORE (Reuters) – The health condition of Singapore’s founding father and long-serving former leader Lee Kuan Yew, who has been in hospital with severe pneumonia for nearly six weeks, has worsened, the government said on Tuesday.
Lee, 91, is being treated at downtown Singapore General Hospital where he has been on a ventilator. At the end of last month, officials said his condition was improving, but further statements said there had been no change.