SUBSCRIBERS
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
Published Fri, Jun 24, 2016 · 09:50 PM
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.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
US, Philippines eye agreement to cut China nickel dominance
Oil eases on higher US crude output, hopes of Israel-Hamas ceasefire
Glencore now sees FY trading division profit between US$3 billion-US$3.5 billion
Hong Kong team plants seeds to safeguard legacy grains
Gold holds steady as investors focus on US Fed meeting
Chevron CEO expects ExxonMobil arbitration resolved in coming months