SUBSCRIBERS
Gold jumps to highest level in eight months
Published Thu, Feb 11, 2016 · 09:50 PM
Singapore
GOLD climbed beyond US$1,200 an ounce on Thursday - spiking to its highest level in over eight months - after US Federal Reserve chair Janet Yellen indicated that further interest-rate increases could be delayed should the tumult in global markets continue.
The metal has been this year's best-performing commodity, fuelled by investors seeking a haven from slumping equities and weaker economies.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
BHP’s biggest rivals sit on the sidelines of Anglo M&A drama
ExxonMobil to take 18 to 24 months to hit full stride with Pioneer purchase
Oil settles down on US jobs data, steepest weekly loss in three months
Glencore Group nears deal for Shell’s Singapore oil refinery
Opec+ may need to tackle oil capacity conundrum next month
Gold flat ahead of US payrolls data, set for second weekly drop