Gold

Gold

Gold declines as traders weigh vaccine optimism against rising number of Covid-19 cases

Gold declined with the dollar as investors weighed growing optimism over a coronavirus vaccine against surging cases in many parts of the world.

Gold

Asia money managers buy gold, China stocks to hedge US election

Money managers in Asia are deploying a range of traditional and unconventional strategies to cushion any losses as they brace for turbulence in the lead-up and aftermath of the US presidential elec

Gold

Central banks buying more gold, forecast to pick up in 2021 after slowdown in 2020

Gold buying by central banks, an important driver of bullion’s advance in recent years, is forecast to pick up in 2021 after a slowdown this year.

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.

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