Global Markets

Market updates: US stocks retreat from near record highs in final hour of trading; gold tumbles

US stocks turned sharply lower in the final hour of trading as investors sold some of the rally’s biggest winners amid concern a spending package from Washington is not imminent.

Tong's Portfolio

Start of a multi-year downtrend for the US dollar?

Recent US data may suggest rising odds that the economic recovery is at risk of slowing or, worse, stalling, with the resurgence in Covid-19 cases, but stocks continued to march higher.

Tong's Portfolio

Older investors go for gold, younger ones Bitcoin, JPMorgan says

The behaviour of retail investors during the pandemic varies significantly across age groups, according to JPMorgan Chase & Co.

Global Economy

Gold price rally may mean trouble in world economy

It’s easy to forget now but there was a time early on in the pandemic when the price of gold was in freefall.


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 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 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.


Demand for gold ETFs hit all-time high in 1Q20 proving gold remains a safe-haven in uncertainty

SINGAPORE (Apr 30): Global demand for gold-backed Exchange Traded Funds (ETFs) hit an all-time high of 3,185 tonnes in 1Q2020 ended March as more investors turned to the safe-haven asset


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Inspired by the spirit of freedom and comfort and yet strongly rooted in the design codes of the privileged world of equestrian sports, the Coco Crush fine jewellery collection by the house

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