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

    Siranudh Scott had caused an internet sensation with a video accusing his brother of allegedly abusing him during his childhood years.

    ‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse

    Eugene Lai (left) says that he was sharing a view with Tan Chian Khong that the board needed a refresh and that it was not an explicit direction to resign.

    CSE Global independent director quits after clashes with chairman Eugene Lai over board refresh

    SJ Heng, senior director of commerce at Heineken Asia-Pacific, says that a beer's brand is "not determined by the postal code of the brewery".

    Tiger Beer lines up new products as Singapore operations’ role shifts from brewing to innovation

    Granite Asia senior managing partner Jenny Lee (left) and BT wealth editor Genevieve Cua at the inaugural Business Conclave.

    Single founders, billion-dollar valuations: AI is minting unicorn startups at birth

    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