Asia Precious Metals Correspondent, Singapore
Ananthalakshmi's Feed
Apr 21, 2015

Gold holds below $1,200 due to firmer dollar, equities

SINGAPORE (Reuters) – Gold remained below the key $1,200 level on Tuesday, adding to overnight losses, as a rally in global equities and a firmer dollar dented the metal’s appeal as a safe haven.

Spot gold was down 0.2 percent to $1,194 an ounce at 0657 GMT after losing 0.7 percent on Monday.

Apr 17, 2015

Halcyon Agri to hike rubber prices, may halt SICOM delivery

SINGAPORE, April 17 (Reuters) – Major rubber producer
Halcyon Agri Corp Ltd will boost prices sharply for
long-term contracts and may end delivery to the Singapore SICOM
rubber exchange, according to a letter from Halcyon.

The step by Halcyon, which makes around 7 percent of global
natural rubber output, highlights frustration among big rubber
producers in Asia with futures prices that are wallowing at
their lowest since 2009. The falls come as a chronic supply glut
coincides with weak demand from top consumer China.

Apr 17, 2015

Gold firms near $1,200, poised for second weekly dip

SINGAPORE (Reuters) – Gold firmed near $1,200 an ounce on Friday but the metal was headed for its second straight weekly drop, weighed down by uncertainty over the timing of an interest rate increase by the U.S. Federal Reserve.

Spot gold edged up to $1,200.80 an ounce by 0701 GMT after dropping 0.3 percent on Thursday. The metal has lost 0.6 percent this week.

Mar 27, 2015

Gold buying slows amid price rally; Akshaya Tritaya demand eyed in India

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.

Mar 27, 2015

Asia Gold-Buying slows amid price rally; India festival demand eyed

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.

Mar 27, 2015

Gold dips after 7-day rally but set for second weekly gain

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.

Mar 25, 2015

Gold near 2-1/2 week high on U.S. rate expectations

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.

Mar 24, 2015

As Lee era ends, Singapore braces for change as young worry about future

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.

Mar 24, 2015

Gold dips after four-day rally but holds near two-week high

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.

Mar 20, 2015

Gold hovers near 2-week high, set for weekly gain

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.

    • About Ananthalakshmi

      "Anantha is responsible for Reuters' gold coverage in Asia, the biggest consumer of the precious metal. Based in Singapore, she tracks the day-to-day market movement of gold prices during Asian hours, fund flows and central bank purchases. She also covers the physical markets in key buyers China and India. Anantha used to cover U.S. companies earlier from Bangalore."
      Joined Reuters:
      2008
    • More from Ananthalakshmi

    • Contact Ananthalakshmi

    • Follow Ananthalakshmi