Gold prices held near two-week highs on Tuesday, with the dollar losing its grip on recent six-month peak, heading into this week's central bank meetings that kick off with the US Federal Reserve later in the day.

Gold hits two-week high as Fed meeting grabs attention 

BENGALURU (Sept 15): Gold prices gained on Friday, as the dollar eased against the yuan after promising China economic data boosted recovery hopes in the world's top bullion consumer, although the possibility of further US interest rate hikes kept investors on edge.

Gold rises after China data boosts yuan against dollar

BENGALURU (Sept 11): Gold prices rose on Monday, supported by a retreat in the dollar as investors looked forward to US inflation data that could define the Federal Reserve's moves on interest rates.

Gold gains as US inflation data takes centre stage this week

In scorching summer heat, Renier Swiegers marches through the desert towards a drilling rig. He’s not looking for oil, the dynamo of Saudi Arabia’s economy the past 80 years, though. It’s another potential source of wealth and influence the kingdom now has its eye on.

Oil-rich Saudi Arabia sets sights on a less glamourous source of wealth

BENGALURU (Sept 1): Gold prices rose on Friday and were set for a second consecutive weekly gain, helped by diminished chances of US interest rate hikes this year, after a data-filled week that concludes with the pivotal jobs report later in the day.

Gold upbeat as investors focus on US jobs data for Fed rate clues

Southeast Asia largest aluminium smelter Press Metal Aluminium Holdings Bhd reported a 25% year-on-year decline in its net profit for the second quarter ended June 30, 2023 (2QFY2023) amid a softening of metal selling prices, squeezing operating margins.

Press Metal 2Q earnings drop 25% amid weak aluminium prices

Gold isn’t losing its allure, according to a dozen money managers who all told Bloomberg News they expect to maintain or raise their exposure to the precious metal in the coming 12 months.

Bullion has stumbled in recent weeks in the face of multiple headwinds from surging real yields to a stronger US dollar, and the prospect of US rates staying higher for longer. The survey of investors — from sovereign wealth managers to hedge funds — offered some modest optimism for price prospects into 2024.

Investors sticking with gold as Fed's rate hike cycle nears end — polls

Coal India Ltd, the world’s largest miner of the fuel, reported a 10% drop in first-quarter profit on waning prices and following a sharp hike in staffing costs.

Biggest coal miner sees profits fall as fuel extends decline

Mining giant Freeport has obtained a licence to ship copper concentrate from its Indonesian operation until May 2024, but may contest new government rules on export duties.

Freeport Indonesia secures copper export permit, plans to contest new export duty

BENGALURU (Aug 3): Gold prices languished near three-week lows on Thursday, after a larger-than-expected increase in US private payrolls in July fuelled bets on more monitory policy tightening and boosted the dollar and bond yields.

Gold nears three-week low as US data points to more Fed tightening

Gold climbed on Wednesday (Aug 2) as the US dollar, Treasury yields and Asian stocks stumbled after Fitch downgraded the US' coveted triple-A credit rating, souring confidence in the economy and shoring up interest in safe-haven bullion.

Gold gets safety boost as Fitch's US downgrade shakes markets 

Global gold demand excluding over-the-counter (OTC) trading fell 2% year-on-year to 920.7 metric tonnes in the second quarter of 2023 as central banks slowed their purchases and consumption by the technology sector remained soft, the World Gold Council (WGC) said on Tuesday (Aug 1).

Gold demand falls in 2Q as central bank buying slows, WGC says

BENGALURU (July 31): Gold prices were bound for their biggest monthly gain in four on Monday, as expectations grew that major global central banks may be nearing the end of current monetary policy tightening cycles.

Gold heads for monthly gain on hopes for an end to rate-hike cycle

Gold prices rose on Tuesday (July 25) on a weaker US dollar, while traders awaited a widely anticipated rate hike along with monetary policy clues from the US Federal Reserve over the next two days.

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