By John Biju and Noel John (Reuters) -Gold prices fell nearly 1% on Thursday, retreating from a record high hit earlier in the session, after Federal Reserve Bank of Dallas President Lorie Logan urged caution on further interest rate cuts. Spot gold was down about 1% at $3,828.75 per ounce by 11:35 a.m. ET (1535…
Since the beginning of the year, Kelvin Siu and his fiancée had waited for gold prices to decline before buying jewellery for their wedding. Last week, they finally pulled the trigger to purchase, as gold prices continued to climb to fresh highs. “We had no choice but to buy the gold dragon and phoenix bracelets…
By Noel John and John Biju (Reuters) -Gold prices surged to a record high on Wednesday, lifted by a weaker dollar and safe-haven demand amid a U.S. government shutdown, while softer jobs data reinforced expectations of a Federal Reserve rate cut this month. Spot gold climbed 0.2% to $3,866.10 per ounce, as of 09:16 a.m….
People walk past the Exchange Square, which houses the Hong Kong Stock Exchange, in Central, Hong Kong, Aug 20, 2025. (EDMOND TANG / CHINA DAILY) Zijin Gold International Co jumped in its Hong Kong Special Administrative Region trading debut after the international unit of the Chinese mainland’s biggest miner raised $3.2 billion in the world’s…
The price of gold hit a new record high—something that normally happens when investors are fearful and seeking a safe haven. But the stock markets also hit a new record high—normally a signal of optimism. The reason? Investors are both bullish and afraid, according to Deutsche Bank. The price of gold hit another record high…
By Brijesh Patel (Reuters) – Gold prices extended losses on Thursday as the dollar firmed after the U.S. Federal Reserve cut interest rates by an expected quarter of a percentage point and adopted a measured rhetoric on further policy easing. Spot gold dipped 0.1% to $3,655.10 per ounce, as of 0454 GMT, after hitting a…
By Polina Devitt and Kevin Yao LONDON/BEIJING (Reuters) -Aggressive gold-buying by China’s central bank since 2023 has raised the question of how far Beijing will boost its reserves as it tries to reduce its reliance on the dollar and align its holdings with its status as the world’s second largest economy. Invest in Gold Powered…
By Polina Devitt and Kevin Yao LONDON/BEIJING (Reuters) -Aggressive gold-buying by China’s central bank since 2023 has raised the question of how far Beijing will boost its reserves as it tries to reduce its reliance on the dollar and align its holdings with its status as the world’s second largest economy. China’s purchases coincide with…
Robust growth at home and abroad nearly tripled Laopu Gold’s earnings in the first half of the year, with managers predicting even stronger momentum in the second half. Net profit soared 290.6 per cent from a year earlier to 2.35 billion yuan (US$327 million) in the six months ended June 30, the Beijing-based company said…
Oil prices dipped in early European trading on Friday morning, ahead of US president Donald Trump’s meeting with Russian president Vladimir Putin in Alaska later in the day, to discuss the war in Ukraine. Brent crude (BZ=F) futures fell 0.6% to $66.44 per barrel at the time of writing, while West Texas Intermediate futures (CL=F)…