Gold prices rose on Wednesday as broader risk aversion lifted demand, while investors awaited minutes from the Federal Reserve's latest policy meeting and a delayed US jobs report for clues on the central bank's interest rate trajectory.

Spot gold was up 0.5% at US$4,089.59 per ounce, as of 0633 GMT. US gold futures GCcv1 for December delivery gained 0.6% to US$4,090.30 per ounce.

Gold gains on risk-off mood ahead of Fed minutes, US jobs data

Gold prices climbed on Friday to their highest level in nearly three weeks as rising bets on Federal Reserve interest rate cuts early next year pushed the dollar and bond yields lower ahead of much awaited US inflation data.

Spot gold was up 0.2% at US$2,048.99 per ounce, as of 0513 GMT, after hitting its highest since Dec 4 earlier in the session. Bullion has risen 1.5% so far this week.

Gold near three-week peak on Fed rate cut bets, US inflation test looms

Palladium extended gains to a more than seven-month high on Thursday, spurred by concerns over supply shortages following harsh sanctions on top-producer Russia, while the Ukraine crisis and soaring inflation lifted demand for safe-haven gold.

Palladium, used by automakers in catalytic converters to curb emissions, rose 3% to US$2,748.86 by 10.17am EST (1517 GMT), after hitting its highest since mid-June 2021 earlier in the session

Supply woes lift palladium to 7-month peak, gold firms on Ukraine crisis

BERLIN (Oct 29): Volkswagen tumbled further into the red in the third quarter, signalling a deepening crisis at the world's second-largest carmaker, which is battling seismic challenges across key markets as it embarks on a major restructuring.

Volkswagen's 3Q loss widens to over US$6.5 bil, raising restructuring stakes

Property developer Parkland Bhd has secured approval from the Securities Commission Malaysia for its proposed listing on the Main Market.

Parkland: Regulator greenlights Main Market IPO

LONDON (Oct 29): Shell on Thursday announced above-expectation net profit of US$10.81 billion in the third quarter, its highest since 2022, and boosted its share buybacks on the back of stronger refining margins and higher liquefied natural gas prices.

Shell beats expectations with US$10.8 bil profit, hikes buybacks

Hong Kong leader John Lee apologised on Thursday for the deadly blaze that killed 168 people in the city last November, promising extensive reforms to its building industry and regulatory system.

Hong Kong leader apologises for deadly Tai Po fire, pledges reforms

PARIS (Oct 29): Renault Group reported a stronger-than-expected 1.4% rise in third-quarter revenue on Thursday, as higher sales of its popular electric models to retail customers in major markets such as France helped offset lower volumes and price pressure from Chinese competitors.

Renault EV sales lift 3Q revenues despite lower volumes

Barisan Nasional (BN) is confident there will be no clash with PAS over seats in the Melaka state election following an agreement reached between the two parties, state BN chairman Datuk Seri Ab Rauf Yusoh said.

Melaka polls: BN confident no clash with PAS after seat agreement 

BATU KAWAN (Oct 29): The Penang Island City Council (MBPP) has submitted a draft technical report on the recent landslide at Taman Seri Permai, Paya Terubong, to the state government, said Chief Minister Chow Kon Yeow.

He said the report was still being followed up and reviewed before a...

Penang Island City Council submits draft technical report on Paya Terubong landslide — Chow 

Gold prices fell 1% on Thursday as investors assessed signals from the Federal Reserve (Fed) and Chair Kevin Warsh after policymakers left interest rates unchanged, while awaiting key US inflation data later in the day for further clues on the rate outlook.

Gold drops 1% as markets assess Fed signals, await US inflation data

MCA is now a “subservient party” in Barisan Nasional, having lost the spirit of equal partnership that defines a functional political coalition, said PKR strategic director Sim Tze Tzin.

MCA now a 'subservient party' of Barisan Nasional, PKR's Sim laments

KOTA KINABALU (Oct 29): Sabah is pursuing various initiatives to achieve a gross domestic product (GDP) target of RM100 billion by 2030 under its Sabah Maju Jaya (SMJ) development agenda, said Chief Minister Datuk Seri Hajiji Noor.

Hajiji: Sabah targets RM100 bil GDP by 2030

KUALA LUMPUR (Oct 29): Pharmacy chains operator Big Caring Group Bhd is looking to raise RM2.03 billion in Malaysia's second-largest listing this year.

Big Caring sets Main Market IPO at RM1.08 apiece, shareholders to pocket RM1.4 bil

Datin Seri Rosmah Mansor has been warned that resisting the enforcement of RM67.5 million in damages awarded to a Lebanese jeweller is tantamount to contempt of court.

Dodging RM67.5 mil payout to jeweller amounts to contempt of court, Rosmah told

KUALA LUMPUR (Oct 29): The federal government paid RM155 million in compensation to Borneo Highway PDP Sdn Bhd (BHPSB) following the termination of its project delivery partner (PDP) agreement for the Sabah Pan Borneo Highway project seven years ago.

Govt compensates former Sabah Pan Borneo project partner RM155m over terminated agreement — Nanta

Joint management bodies (JMBs) and management corporations (MCs) cannot completely block owners who default on maintenance fees from accessing their own units, Housing and Local Government Minister Nga Kor Ming said.

Strata managers cannot completely deny defaulters access to their units, says Nga

Pandu Sjahrir, the prominent Indonesian wealth fund executive who has publicly supported MSCI Inc’s scrutiny of the nation’s stock market, is the co-owner of a brokerage sanctioned in connection with a stock-market manipulation probe.

Indonesia’s wealth fund chief investment officer owns stake in sanctioned brokerage

The Home Ministry has decided to redeploy Malaysian Border Control and Protection Agency (AKPS) director general Datuk Seri Mohd Shuhaily Mohd Zain to the Royal Malaysian Police (PDRM), where he previously served.

Mohd Shuhaily to return to police force, says Saifuddin Nasution

Here's a heads up on what to look out for today.

YOUR DAY AHEAD: Oct 29, 2026 

CTOS Digital Bhd (KL:CTOS) surged on Thursday, extending a rebound from record lows, after the credit reporting firm’s latest results&nbsp;even as analysts warned of a weaker quarter ahead.

CTOS surges after results, analysts warn of weaker quarter ahead

The Court of Appeal (COA) has reversed a High Court decision and granted leave (permission) for lawyer Rosli Dahlan to challenge the Police and the Public Prosecutor's move to seize his four Amanah Saham Nasional Bhd (ASNB) accounts under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds from Unlawful Activities Act (AMLA).&nbsp;

Court of Appeal gives green light for lawyer Rosli Dahlan to challenge Public Prosecutor's move to seize his ASNB accounts

Asian shares gave up earlier gains on Thursday as AI-related earnings announcements prompted wildly mixed responses, raising the stakes for Amazon and Intel results due later in the day.

Asian shares fall as Alphabet earnings miss drags Wall Street futures lower

Alphabet Inc’s search and advertising sales disappointed in the most recent quarter, reinforcing investors’ fears that Google is losing ground to artificial intelligence (AI) rivals despite pouring hundreds of billions of dollars into the technology.

Alphabet’s revenue miss reignites fears over AI spending binge

(Oct 28):&nbsp;China's CXMT plans to start production of HBM3E, ​an advanced type of high-bandwidth memory chip used with AI processors, despite as little as 20% of the chips it makes being usable, ‌two people familiar with the matter said.

The decision highlights China's intense shorta...

China's CXMT to start advanced AI memory production

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Summary

<ul>
	<li>Long considered a safe- haven stock by retail investors, Genting Bhd’s status as a cash cow diminished after the company called for...

Cover Story: Debt repayment looms for Genting

TOKYO (Oct 29): Oil prices fell on Thursday, paring gains made a day earlier, as hopes for peace talks took the edge off renewed concerns over Middle East supply disruptions from escalating regional conflict.

Oil prices fall as peace hopes offset fears of growing Middle East conflict

SEOUL (Oct 29): Samsung Electronics&nbsp;posted a 15-fold jump in quarterly chip profit on Thursday, powered by the AI boom, but its shares tumbled as investors balked at a lack of fresh shareholder-return plans and an outlook that lagged rival SK Hynix's.

Samsung sees AI chip shortage worsening, keeps investors in suspense on returns

BENGALURU (Oct 29): Australia's Lynas Rare Earths posted a 55% jump in first-quarter revenue on Thursday, helped by record realised prices, while warning that planned shutdowns at its Malaysia and Kalgoorlie facilities would weigh on current-quarter production.

Lynas posts 55% revenue jump on record prices, flags plant shutdowns

GENTING Bhd (KL:GENTING) made a cash call on Oct 9 to raise RM1.25 billion — 53 years after its first one.

The conglomerate, which was listed in 1971, called for a rights issue in 1973.

At that time, Genting’s call for more cash from shareholders was acceptable. It was a perio...

Cover Story: No further fundraising planned for now, says Genting 

SINGAPORE (Oct 29): Keppel says overall net profit in its 3QFY2026 was up 20% year-on-year, but 9MFY2026 was 40% down, due to impairments and other holding costs.

Keppel's 3QFY2026 earnings up 20% y-o-y; 'New Keppel' up 'close to' 15%

(Oct 28):&nbsp;The heavyweights of the AI industry are facing a reckoning on Wall Street, reflecting concerns over who will bear the cost of the artificial intelligence buildout that has fueled much of this year's stock market gains.

Anthropic revealed paperwork for its ​initial public ...

AI giants' funding ambitions test Wall Street's appetite for risk

BEIJING (Oct 28):&nbsp;Unitree&nbsp;said on Wednesday third-quarter revenue ‌rose 70% from a year earlier but net profit fell in its first earnings result since listing, as China's best-known humanoid maker faces its first market test amid a tech sector rout.

It generated 665 million yu...

Brijesh Patel

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