Gold rebounds to 6-week high on China, US woes
New York
GOLD gained the most in six weeks as Chinese stocks retreated into a bear market and US retail sales capped the weakest year since 2009, increasing demand for a haven. Platinum fell to a seven-year low.
Bullion rebounded from the biggest drop of the year as Chinese equities slipped after investors lost confidence in government efforts to manage the country's markets and economy. US equities headed for their lowest levels in 15 months, and crude oil plunged below US$30 a barrel. Gold extended gains after US government data showed that sales at retailers fe…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Greenback recovers from PMI slump, yen closes in on 155 per dollar
Hong Kong Stock Exchange bids farewell to first woman chair
Asia stocks rise on Wednesday amid Wall Street rally; STI up 0.6%
Brokerage Haitong removes long-term Hong Kong unit chief Lin, appoints new head
Asia: Stocks rise on earnings optimism as US data approaches
Singapore stocks climb at Wednesday’s open; STI up 0.4%