SUBSCRIBERS
Retail buying of gold shines
Published Wed, Jan 1, 2014 · 10:00 PM
DESPITE concerns about the outlook for gold, retail buying of the shiny metal remained robust amid the Christmas holiday season, United Overseas Bank (UOB) said.
UOB, the only local bank that offers physical gold to retail customers, experienced a 15 per cent increase in purchases of gold over the Dec 20 to 26 week compared with the week before.
On a year-on-year basis, transactions were 25 per cent higher.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Porsche posts Q1 profit drop on ramp-up costs
IBM plots US$730 million expansion of Canadian semiconductor site
Seatrium unit to fully redeem S$500 million worth of floating-rate bonds early
Yeo Guat Kwang, John Chen retiring from corporate boards
US: Wall St opens higher
Air China orders homegrown C919s in challenge to jet duopoly