Gold

Oil spike, inflation, and Middle East tensions: Can ceasefire avert global economic shock?

Despite the ceasefire, markets persist, with oil prices nearly doubling since January. A fragile US-Iran truce caused a stock rally, but its lasting effect on Asian markets is unclear.

Bullion steadied near US$4,760 an ounce on Friday, on track for a weekly gain of almost 2 per cent.

Gold heads for weekly gain as traders weigh Iran truce prospects

Some of the world’s biggest bullion buyers are continuing to build their stockpiles

Gold has fallen about 10% since the war began at the end of February.

Gold pares gains after Iran says ceasefire deal with US violated

Since the war in the Middle East began, bullion has traded largely in tandem with stocks

Gold has fallen almost 10% since the conflict began at the end of February.

Gold climbs after Trump agrees to two-week ceasefire in Iran

Now in its sixth week, the war in the Middle East has driven a spike in energy prices and raised inflationary risks

Brent crude futures prices are averaging north of US$100 per barrel since the escalation, versus a five-year average of US$81 per barrel.
CIO CORNER

Why it is commodities’ turn to shine

The asset class has risen 17% year to date

Gold has fallen about 12% since the conflict in the Middle East began at the end of February.

Gold steadies as traders weigh Trump’s deadline to strike Iran

Now in its sixth week, the war has heightened the prospects that central banks will delay cutting interest rates or even hike them

Gold has fallen more than 12% since the conflict began in late February, as spiking energy prices have stoked fears of inflation and the prospects for rate cuts have receded.

Gold falls as war escalation and jobs data reduce rate-cut bets

Bullion’s haven appeal has also been dimmed by the need for investors to liquidate their positions and cover losses elsewhere

Gold prices scaled record highs in January, which made the yellow metal a prime candidate for selling.

Reasons to be bullish on gold

It has suffered a sell-off amid the Middle East war, but the precious metal’s compass still points north

Shops in Little India are offering to buy back gold amid the global boom in prices.
HOCK LOCK SIEW

The real shine behind Singapore’s golden ambitions is not in gold’s meteoric price increase

Investors are faring well with listed gold counters hitting fresh highs, but the Republic is also aiming to benefit with the region’s ultimate vault

Spot gold fell 1.3 per cent at US$4,694.48 per ounce by 0202 GMT on Thursday.

Gold falls as Trump gives no clarity on ending Iran war 

It has dropped 11 per cent in March, its worst monthly loss since 2008