Gold jumps, oil falls on news of UK vote (Amended)
Gold price could reach US$1,400 an ounce, say analysts; impact on oil is expected to be temporary
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
GOLD surged to its highest level in two years while oil slumped in the wake of the vote by Britain to leave the European Union.
And even as analysts predict the gold price to rise even further, buttressed by safe-haven demand, gold dealers in Singapore were already seeing increased levels of activity on Friday.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
South-east Asian markets account for 8.8% of global capital inflows from 2021 to 2024: report