The Business Times
business-time-50

Gold strikes record above US$2,100 as rate cut bets surge

google-preferred-sourceAdd BT as a preferred source
Published Mon, Dec 4, 2023 · 10:10 AM
    • Gold struck US$2,135.39 in early Asian trade, topping the previous all-time high set in 2020, during the pandemic.
    • Gold struck US$2,135.39 in early Asian trade, topping the previous all-time high set in 2020, during the pandemic. PHOTO: ST FILE

    GOLD prices soared to a record high above US$2,100 on Monday as traders grow increasingly confident the Federal Reserve will cut interest rates in the new year.

    The precious metal struck US$2,135.39 in early Asian trade, topping the previous all-time high set in 2020, during the pandemic. AFP

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    Gold

    Share with us your feedback on BT's products and services

    Feedback

    TRENDING NOW

    Jason Moo, CEO of Bank of Singapore, says the lender is hiring "pretty aggressively" in 2026.

    Size matters: OCBC’s Bank of Singapore doubles down on ultra-wealthy – and the bankers chasing them

    US President Donald Trump with President Xi Jinping after a visit to Zhongnanhai Garden in Beijing, on May 15.

    Xi Jinping has just rewritten the rules of US-China rivalry

    An article published in April notes that the share of first-year students intending to live at home has risen from 32.9% in 2016 to 35.2% in 2025. 

    Is the UK student-housing party over? Singapore players face divergent prospects in PBSA market

    An artist's impression of Pelican Paradise Group's township project that was designed to include a five-star convention hotel, an 18-hole championship golf course and a hospital, among others.

    Singapore developer in limbo after Timor-Leste scraps major township project

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More