Commodities

CIO CORNER

Why it is commodities’ turn to shine

The asset class has risen 17% year to date

For Singapore’s gold trading hub push to take off, it is important to attract sustained cash flows into the precious metals market, say industry observers.

Singapore plays neutrality card to vault central bank gold, elevate bullion hub status

Emphasising sovereign-grade vaulting, internationally aligned standards can set the Republic apart: analysts

World Gold Council data shows that, between Feb 27 and Mar 20, Asia recorded consistent gold ETF inflows in tonnes, while outflows were seen in the West.

Singapore investors buy the dip, bucking global gold sell-off: OCBC, bullion dealers

Strong investor participation in Singapore and wider Asia suggests metal’s long-term role as a hedge continues 

Equipment used in wineries across the world, such as tractors, run on fuel sources which have doubled in price since the Iran war broke out.

Plastic bag shortages, WFH, pricier wine: The Iran conflict is rippling through the economy

The war is disrupting key trade and supply channels, affecting soft commodities and other sectors

Oil prices spiked after the latest escalation in the US and Israel's war with Iran.

Oil shock’s rate repricing: G4 holds, gold bullish, dollar firms

Middle East turmoil has roiled global markets, sparking rate hike speculation despite G4 central banks holding firm. Can the 'transitory' view survive soaring oil?

Bullion dealers, jewellers and pawnshops said gold buying has surged amid geopolitical tensions and expectations of interest rate cuts.

Singapore gold sellers bring in more stock, build vaults to meet higher demand amid Middle East crisis

Besides middle-aged customers, some have also observed a younger crowd wading into the gold-buying trend

Industry observers say that electric vehicles would still retain a cost advantage over petrol-powered ones even if charging prices go up.

Singapore’s EV charging prices remain stable, but an April increase looms

Observers say climbing natural gas prices and a bump in electricity tariffs could make charging more expensive from next month

Malaysian's petrol subsidy alone has climbed to RM2 billion a month.

Oil spike pushes Malaysia fuel subsidies to RM3.2 billion a month

The monthly bill rises more than four times from RM700 million previously, but the government says it is poised to absorb the increase

Beyond fuel price adjustments, Malaysia also announced discretionary spending cuts to sustain the RON95 subsidy.

Fuel price hikes unlikely to spark immediate inflation in Malaysia: economists

Rising fuel prices are manageable now, but a prolonged oil shock could test the country’s fiscal buffer

The Straits Times Index is down 8.48 points at 4,855.33, while the iEdge Singapore Next 50 Index is up eight points at 1,445.12.
STOCKS

Blue chips close lower in Singapore; STI slides 0.2%

Across the broader market, decliners beat gainers 302 to 262, as 1.5 billion securities worth S$2 billion change hands