Commodities

Mizuho Bank has accused the trader of an alleged fraud linked to iron ore receivables

TODAY’S increasingly fragmented world is driving a dash to secure resource sovereignty as governments prioritise energy security and access to key commodities in the event of conflicts, trade barriers and climate change.

Although shipments have been limited to Singapore and Brunei, potential lies in Thailand, Malaysia, Indonesia and Vietnam

Gold continued its rally in January, rising above US$5,500 an ounce to reach a new historical high having traded around the US$2,000 an ounce level in 2023. The rally was driven by the appearance of major global economic events, making gold lucrative as a form of hedge against inflation and currency devaluation.

Singapore has strengthened digital checks, but gaps remain in verifying if underlying trades are genuine

The fund has secured a freezing order against Radiant World, its founder Pinkesh Nahar and Sapphire Minmetals

It is the first legal filing in UK courts over fallout from concerns the company provided falsified documents

Industry players say higher holdings of physical precious metals can supercharge Singapore’s gold hub ambitions

The US$4,400 to US$4,500 per ounce area could act as near-term resistance and limit further upside