The Business Times
The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

Companies & Markets

SUBSCRIBERS

Gold declines on strong US$, robust stock markets

Analysts also cite central banks offloading the metal as another reason for the price fall, saying Venezuela, Iran and Libya were key sellers

Published Sun, May 5, 2019 · 09:50 PM
Share this article.

London

THE price of gold declined to a five-month low of US$1,268 an ounce last week, and even though the price recovered slightly to reach US$1,278 last Friday, the majority of analysts are still nervous.

They blame a strong US dollar and relatively strong global stock markets for the 11 per cent slide in recent weeks.

According to …

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Energy & Commodities

newspaper iconPurchase this articleshopping cart icon

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here