gold prices

Investors need to diversify amid market volatility, says DBS in 4Q outlook

SINGAPORE (Oct 3): The investment landscape is quickly changing, amid ongoing US-China trade tensions as well as fluctuations in gold and oil prices. And, to ride the wave of uncertainty, DBS Bank has one key piece of advice for investors: Diversification is key.

In the bank’s 4Q outlook on Thursday, aptly themed “Ride the Wave”, DBS Chief Investment Officer Hou Wey Fook focused on how investors should grapple with the “new normal” marked by near-zero to negative cash and bond yields. 

Amid higher gold prices, ValueMax, Maxi-Cash and MoneyMax could emerge as pawn stars

(Sept 9): Singapore-listed pawnbrokers ValueMax Group, Maxi-Cash Financial Services Corp and MoneyMax Financial Services have largely been under the radar, as investors tend to focus on larger and more visible companies. Unsurprisingly, their shares are either languishing or hovering near their all-time low, with an average daily trading volume of 100,000 shares. 

Hong Kong unrest sends gold investors to seek haven in Singapore

(Aug 19): Escalating political turmoil in Hong Kong is spooking some gold investors.

J. Rotbart & Co., which helps customers buy, store and transport precious metals, says it has seen an increase in demand for gold storage in Singapore from new clients -- even when they’re based in Hong Kong or mainland China. In the last 10 weeks, the breakdown of requests has skewed to around 75% for Singapore and 10% for Hong Kong, compared with a split of about 50-35 previously, said Joshua Rotbart, who runs the bullion house, which services high net-worth individuals, from Hong Kong.

Gold's rally to 6-year high spurs people to sell their old Tiffanys and Rolexes

(June 26): Fund managers aren’t the only ones feeling the tailwind from gold’s rally to a six-year high.

Empire Gold Buyers saw business activity climb to the highest since 2011, when the precious metal traded at a record, CEO Gene Furman said. At House of Kahn Estate Jewellers, trading of old jewellery is up by almost half since last week, when the Federal Reserve signalled its openness to cut interest rates, propelling bullion prices higher, the company’s president Tobina Kahn said.

Gold powers to 6-month high as turmoil spurs demand for haven

SINGAPORE (Dec 31): Gold is rallying into the end of 2018 as turmoil in global equities, the partial US government shutdown and concerns about the outlook for next year stoke demand, lifting prices to the highest in six months.

Bullion climbed as much as 0.4% on Wednesday, extending last week’s gain and on course for the biggest monthly advance since January 2017. Money managers are the most bullish on prices they’ve been in half a year.

Buy the dip when market overreacts, says KGI

SINGAPORE (Feb 5): The Dow Jones Industrial Average dropped by about 666 points on Feb 2, a magnitude that was last seen the day after Britain voted to leave the European Union on June 24, 2016.

See: Traders are asking if the bond and stock selloff is the start of something big

This is the 9th time in the Dow’s 122-year history that the index dropped more than 600 points.

ValueMax started at ‘buy’ on future earnings growth, higher interest rate environment

SINGAPORE (Sept 7): KGI Securities has initiated coverage on ValueMax at “buy” with a target price of 39 cents, based on a price-to-book (P/B) ratio of 1.15 times FY17F estimates and in view of robust future earnings growth as well as a lower-for-longer interest rate environment.

The group operates pawnbroking and moneylending services, as well as deals in the retail and trading of pre-owned jewellery and gold.

Why would anyone invest in gold?

(Aug 28): Gold, gold, who would not like to have some gold? The very word is inextricably tied up with wealth and success: Think gold watches, gold chains and gold bars. We give gold away as dowry. We hoard it in our safes. But is it actually a good investment?

Gold prices could resume climb; how should investors position for a rally?

SINGAPORE (July 17): At US$1,217.12 an ounce on July 11, the price of gold is 6% below its year-todate high of US$1,294.39 an ounce. Anticipation of higher interest rates may have been behind the recent selldown, as some investors moved out of gold and into higher-yielding US Treasury bonds. And as investors’ appetites for risk improve, money is flowing out of safe-haven assets and into riskier ones.

CNMC Goldmine no longer a golden ‘buy’; DBS suspends coverage

SINGAPORE (May 19): DBS Vickers Securities is downgrading its call on CNMC Goldmine Holdings to “hold” from “buy” with a lower target price of 31 cents from 60 cents previously, while also suspending coverage on the stock due to the lack of earnings visibility.

This comes after CNMC’s 1Q17 earnings came in below the research house’s expectations, falling 99% as compared to the previous year due to lower ore grades.

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