Gold headed for a weekly drop, as traders weighed the interest-rate outlook after the US Federal Reserve dialed back rate-cut expectations for next year.

Gold heads for weekly decline as 2025 rate-cut optimism dwindles

A surge in gold imports that widened India’s trade deficit to a record last month and pushed the rupee to an all-time low was due to an error in calculation, according to people with knowledge of the matter.

India’s record gold import likely due to calculation error

Gold prices were little changed on Wednesday as investors remained cautious ahead of the US Federal Reserve's policy decision, which is also expected to offer guidance on its outlook for next year.

Spot gold inched down 0.1% to US$2,643.79 per ounce by 1256 GMT. US gold futures GCv1 fell 0.1% to US$2,659.80.

Gold stalls ahead of Fed rate decision, focus on 2025 outlook

India is weighing imposition of a "safeguard duty", or a temporary tax, on steel, the steel minister, HD Kumaraswamy, said on Thursday, as it attempts to rein in a flood of cheap imports from China.

India mulling 'safeguard' duty on steel, minister says

(Dec 12): Tensions between the US and China may weigh on energy and commodities markets next year, while the outlook remains bright for gold, ING Groep NV said.

Gold will shine in bearish year ahead for commodities, ING says

Gold prices nudged higher to touch a two-week peak on Wednesday, supported by escalating geopolitical tensions and expectations of another rate cut by the Federal Reserve (Fed) next week, ahead of a closely watched US inflation report.

Gold hits two-week high with spotlight on US inflation data

Gold prices gained on Monday as investors awaited US inflation data due this week for clues on the Federal Reserve’s (Fed) next monetary policy moves.

Spot gold was up 0.5% at US$2,644.91 (RM11,694.47) per ounce as of 0238 GMT. Bullion fell nearly 1% last week.

Gold firms as investors await US inflation data for Fed clues

China has banned exports to the US of items related to the minerals gallium, germanium and antimony that have potential military applications, its commerce ministry said on Tuesday, a day after Washington's latest crackdown on China's chip sector.

China bans export of key minerals to US as trade frictions escalate

BENGALURU (Nov 29): Gold prices rose on Friday, helped by a slight dip in the US dollar and growing geopolitical tension, but remained on track for its biggest monthly decline in more than a year after Donald Trump’s US election victory.

Gold gains on dollar slide; set for its worst month in over a year

MOSCOW (Nov 28): Russian metals giant Nornickel believes that new technologies it is developing, including for the synthesis of hydrogen, will create demand for palladium in China, equal to up to 15% of current consumption, a top executive told Reuters.

Nornickel sees new tech sustaining China's palladium demand

Gold prices declined as much as 2% on Monday as investors booked profits following a five-session rally to a three-week high, while the announcement of fund manager Scott Bessent as the new US Treasury secretary tempered safe-haven buying.

Gold sheds 2% on profit taking, US Treasury secretary news

Gold prices rose over 1% to hit a two-week peak on Friday, heading for the best weekly performance in more than a year, buoyed by safe-haven demand as Russia-Ukraine tensions intensified.

Gold jumps, on track for best week in over a year on safe-haven demand

China has found gold reserves worth 600 billion yuan (US$82.9 billion or RM370.9 billion) in central Hunan province, state outlet Xinhua news said on Thursday.

China finds US$83b worth of gold reserves in Hunan 

BENGALURU (Nov 19): Gold prices climbed to a one-week high on Tuesday, buoyed by a softer US dollar, while the market awaited comments from Federal Reserve officials for cues on the US interest rate outlook.

Gold hits one-week high on softer dollar; markets await Fed cues

Taiwan Semiconductor Manufacturing Co’s (TSMC) US-listed shares cost almost 25% more than those in its domestic market at the end of last week, a sign that global investors are still willing to pay up for stocks that can benefit from the artificial intelligence (AI) boom.

US investors pay biggest premium for TSMC shares in two months

For many parents, the importance of education becomes clear the moment they hold their child for the first time. For Izhar Ismail, that realisation struck when his eldest was born in 1995.

Securing a Better Tomorrow Start Today

An Asian equity sales trader who was fired from Citigroup Inc in 2019 won an employment suit against the US bank, Hong Kong’s Labour Tribunal ruled on Monday.

Ex-Citigroup trader wins unfair dismissal case in Hong Kong

As of the third quarter of 2024, highway-related projects awarded to Bumiputera contractors, in Grades G1 to G7, have reached RM15.09 billion, nearly matching the RM15.1 billion allocated to the group last year, said Deputy Works Minister Datuk Seri Ahmad Maslan.

RM15.09 billion highway-related projects awarded to Bumiputera contractors — Ahmad

KLCC (Holdings) Sdn Bhd, a unit of national oil and gas company Petroliam Nasional Bhd (Petronas), on Monday said that it has acquired 486 acres of Bandar Malaysia land for an undisclosed price.

KLCC Holdings to develop 486 acres of land acquired from Bandar Malaysia

The rebate for the installation of solar systems, up to RM4,000, under the Solar for Rakyat Incentive Scheme (SolaRIS), will be extended until April 30, 2025, the Ministry of Energy Transition and Water Transformation (Petra) announced in a statement on Monday.

This extension is subject to the terms and conditions specified in the SolaRIS eligibility criteria.

Rebate for solar system installation under SolaRIS extended till April 2025 — Energy Transition Ministry

Bitcoin marked its first weekly decline since Donald Trump’s election victory as the US Federal Reserve’s (Fed) cautious policy outlook tempered optimism over the president-elect’s embrace of the crypto sector.

Bitcoin posts first weekly decline since Trump’s victory

Halal Development Corporation Bhd (HDC) has entered into a strategic partnership with HEXIO to revolutionise the halal industry through cutting-edge artificial intelligence (AI) technology by enhancing the HDC Halal Navigator (HaNa).

Halal Development Corp, HEXIO forge strategic partnership to enhance Halal Navigator with generative AI

Last week, Bonia Corp Bhd (KL:BONIA) announced its foray into the health and wellness market by investing RM1.8 million in a 50% stake in fitness centre operator Macroverse Sdn Bhd.

Frankly Speaking: The significance of Bonia’s new investment

NOTWITHSTANDING the growth in the electronics manufacturing services (EMS) sector amid improved global demand and the increasing outsourcing trend, EMS companies on Bursa Malaysia have turned in a mixed performance owing to rising costs, high inflation and supply chain disruptions.

The ...

EMS players navigate uphill path despite tech up cycle

Malaysia Airlines Bhd has grounded its brand-new Airbus A330neo for at least 48 hours following “a series of technical issues” in less than a week since its inaugural flight, Business Times reported.

Malaysia Airlines grounds new Airbus plane barely days after first flight — report

Oversea-Chinese Banking Corp Ltd will give a one-off payment to junior employees globally for the second year in a row to alleviate ongoing cost-of-living pressures.

OCBC junior staff to receive S$7.5 mil cost-of-living payout

KLCC (Holdings) Sdn Bhd, a unit of national oil and gas company Petroliam Nasional Bhd (Petronas), on Monday said that it has acquired 486 acres of Bandar Malaysia land for an undisclosed price.

Bursa Malaysia Bhd (KL:BURSA) said on Monday that it is currently embarking on the succession of its chief executive officer Datuk Muhamad Umar Swift through its nomination and remuneration committee.

Bursa Malaysia says embarking on CEO succession

President-elect Donald Trump threatened to reassert US control over the Panama Canal on Sunday, accusing Panama of charging excessive rates to use the Central American passage and drawing a sharp rebuke from Panamanian President Jose Raul Mulino.

Trump threatens to retake control of Panama Canal over transit fees

Scandal-hit Malaysian state fund 1Malaysia Development Bhd (1MDB) said on Monday it has filed a legal claim of more than US$1 billion (RM4.5 billion) against corporate services provider Amicorp Group and its chief executive officer, alleging the firm knowingly facilitated over US$7 billion in fraudulent transactions.

1MDB files legal claim against Amicorp Group seeking over US$1b for alleged fraud

Asian shares rallied on Monday after a benign reading on US inflation restored some hope for further policy easing next year, while there was relief that Washington had averted a government shutdown.

Asia shares rally on US inflation relief

Shares of Top Glove Corporation Bhd (KL:TOPGLOV) may have little upside as valuations stretched with the recent rally in share prices while earnings outlook remained clouded by both costs and sales concerns.

Top Glove shares have may little further upside amid stretched valuations, outlook cloudy — analysts

Tun Musa Aman was not a contender for the position of Yang Dipertua Negeri of Sabah as there were others, such as current chief minister Datuk Seri Hajiji Noor, in the running. His name only cropped up one month ago as a replacement for Tun Juhar Mahiruddin, whose term ends this month.

...

Alternative Views: Musa Aman’s comeback spells new chapter for Sabah politics

International Finance Corporation (IFC) and a consortium of six global financial institutions will lend over US$900 million (RM4 billion) to US-based Yondr for the construction of its data centre in Malaysia.

World Bank's IFC, consortium lend over US$900 mil to Yondr for data centre in Malaysia

Personal debt is overwhelming an increasing number of Japanese as higher interest rates and the rising cost of living bite.

Consumer loans are rising at the highest rate in 16 years. Household borrowing exceeded incomes for the first time last year.

Bankruptcies, suicides rise as Japanese struggle with mounting debt

The High Court has dismissed Youth and Sports Minister Hannah Yeoh's libel suit against former inspector general of police Tan Sri Musa Hassan over his comments that she was trying to turn Malaysia into a “Christian nation”.

High Court Judicial Commissioner Arziah Mohamad Apandi in a decision delivered on Monday said that the Segambut Member of Parliament (MP) failed to establish essential elements in a defamatory suit and that there was no malice in Musa's statement. She awarded costs of RM40,000 to Musa.

Court dismisses Hannah Yeoh's suit against former IGP over 'Christian nation' comment

Malaysia has been ranked first among regional peers in Southeast Asia in Knight Frank’s SEA-5 Data Centre Opportunity Index for the second consecutive year with an annual take-up of 429 megawatts (MW).

Knight Frank: Malaysia continues to lead regional data centre index

His second term doesn’t start for a month, but Donald Trump is already sending shock waves around the world.

His trade threats helped set off a cabinet crisis in Canada that has Prime Minister Justin Trudeau teetering. In Europe, tariff fears have weakened already-wobbling governments.

Trump upending global politics a month before taking office

The Madani Government’s initiative in implementing the Sumbangan Tunai Rahmah (STR) cash aid is seen as a very meaningful effort in helping the people face the current cost of living challenges.

Madani government committed to ensuring people's well-being through Sumbangan Tunai Rahmah

VentureTECH Sdn Bhd and MTC Orec Sdn Bhd have formed strategic partnerships to accelerate the development of MTC Orec's biomethane plants, reinforcing both companies' commitment to sustainable growth and renewable energy innovation.

VentureTECH, MTC Orec partner to accelerate biomethane projects in Malaysia

News Corp has agreed to sell its Australian cable TV unit Foxtel to British-owned sports network DAZN for A$3.4 billion (US$2 billion or RM9.5 billion) including debt, cutting the Murdoch-controlled media empire's exposure to a business up-ended by streaming platforms.

Murdoch's News Corp to sell Foxtel to Britain's DAZN for US$2.1 bil

Bursa Malaysia Securities Bhd has updated its sustainability reporting requirements in the Main Market and ACE Market listing requirements to align with the National Sustainability Reporting Framework (NSRF).

Bursa updates sustainability reporting to align with National Sustainability Reporting Framework

In a rare display of “independence”, the independent directors of Malaysia Airports Holdings Bhd (MAHB) (KL:AIRPORT) told shareholders to reject the offer to take the company private.

Frankly Speaking: Funds put in a bind over MAHB

It will be a pretty quiet week ahead as Christmas, which falls on Wednesday, will see most global economies’ markets closed except for China, Thailand, Japan and Vietnam. For Boxing Day, markets in Hong Kong, New Zealand, Australia, as well as most of Europe and Canada, will also be closed. North Korea will commemorate Constitution Day on Dec 27.

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