Safe-haven demand for gold to outweigh effects of US dollar rise, say analysts
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
THE price of gold continued its decline over the past week on Monday, but with continued uncertainty surrounding major economies in the world, analysts believe the yellow metal will be supported till the end of the year.
Spot gold dropped to as low as US$1,315.51 an ounce on Monday during Asian trading hours, and traded at US$1,318.22 an ounce at 7pm Singapore time.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
