Hong Kong police have launched a manhunt for three people involved in a suspected deception case in which a shop reportedly lost 73kg of gold bars worth an estimated US$12 million, the South China Morning Post has learned. The force said on Friday that a woman in Hung Hom had made a report around 2.57pm…
Gold (GC=F) prices fell to around $4,000 per ounce as investors moved away from the safe-haven asset on prospects of a US-China trade deal. Futures for the yellow metal declined as much as 3% as US and Chinese officials signaled that weekend talks have paved the way for a breakthrough in the trade standoff. The…
(Bloomberg) — Spot gold smashed through $4,000 an ounce for the first time, as concerns over the US economy and a government shutdown added fresh momentum to a scorching rally. It’s a milestone for bullion, which traded below $2,000 just two years ago, with returns that now outstrip those for equities this century. Gold has…