Gold

Gold

Why gold is for life, not just for crises

Gold price hit record high recently as investors rush to traditional “safe haven” to park their money as the global Covid-19 crisis deepens.

Gold

Gold could trade at average level of US$1,850/oz into 2021: Fitch Solutions

After gold prices hit an all-time high of US$2,075.47 ($2,843.61) an ounce on Aug 7, Fitch Solutions reckons the precious yellow metal could trade at an average level not too far off from that goin

Gold

Warren Buffet buys gold

Warren Buffett’s Berkshire Hathaway Inc. added Barrick Gold Corp. to its portfolio in the second quarter, sending shares of the world’s second-largest miner of the metal surging.

Gold

Gold prices show no signs of slowing as it nears US$2,000 mark

Gold’s unrelenting march higher shows no signs of slowing after a plunge in the dollar swept prices past the previous high set in 2011 and put the metal on track for even bigger gains.

Gold

Foreign investors shun South African gold stocks on virus fears

(July 22): Not even a record rally can entice foreign investors to South African gold stocks.

Gold

Precious metals sector attracting more investors on Wall Street due to Covid-19 crisis

(July 21): A year ago, you couldn’t get Wall Street to touch most gold miners’ stocks. Today, it’s throwing billions at the industry.

Gold

Gold futures settle above US$1,800 amid trade tensions and record number of Covid-19 cases

SINGAPORE (July 16): The appeal of gold as a safe-haven asset has increased amid trade tensions and record number of new Covid-19 cases, says Phillip Futures analyst Avtar Sandu.

Gold

Gold futures climb above US$1,800 for first time since 2011

(July 1): Gold futures rose above US$1,800 ($2510.28) an ounce for the first time in eight years as low interest rates and a resurgence in coronavirus cases drive demand for the metal as a haven.

Gold

Gold futures edge closer to US$1,800 per oz on surge in Covid-19 cases

(June 30): Gold futures edged closer toward US$1,800 (S$2,507.80) an ounce -- a level last seen at the end of 2011 -- as demand for haven assets surged amid concerns over rising coronavirus infecti

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