Gold prices eased on Monday as the US dollar held strong and recent employment data prompted investors to scale back expectations of a big rate cut from the Federal Reserve in November.

Spot gold fell 0.3% to US$2,645 per ounce by 9.55am ET (1355 GMT), off a record peak of US$2,685.42 hit on Sept 26.

US gold futures GCcv1 eased 0.1% to US$2,664.70.

Gold retreats on strong dollar, fading hopes of big US rate cut

France's TotalEnergies is considering a move into trading copper, expanding its oil trading operations into metals to capitalise on the global energy transition, the Financial Times reported on Sunday.

TotalEnergies considers foray into copper trading — report

Gold eased from its recent record high on Monday, but was still set for its biggest quarterly gain in more than eight years on the back of geopolitics and the US Federal Reserve's (Fed) rate cut.

Gold price poised for biggest quarterly gain since 2016

Physical gold demand contracted in key Asian hubs this week, as a surge in prices to record highs deterred buyers and encouraged some to cash in on their holdings.

Record gold prices depress physical demand in Asia, spark selling

(Sept 26): Silver hit the highest level since 2012, while gold reached a new record as expectations for additional Federal Reserve (Fed) interest-rate cuts boosted precious metals.

The white metal climbed as much as 2.8% to US$32.71 an ounce on Thursday, extending this year’s gain to 37...

Silver surges to highest since 2012 as precious metals rally

Gold held steady after hitting an all-time high on Wednesday on hopes of another large US rate cut as the spotlight shifted to Fed chair Jerome Powell's comments and US inflation data due later this week.

Gold scales record peak on bets of another big US Fed rate cut

Gold prices surged to a record high on Tuesday as a cocktail of factors, from hopes of further US rate cuts and China stimulus measures to elevated Middle East tensions, lifted demand.

Gold at all-time high on US rate cut momentum, Mideast risks 

Gold touched a record high ahead of US data that may offer clues on whether the Federal Reserve’s (Fed) 50-basis-point rate reduction last week will be the first in a series of aggressive cuts.

Gold rises to record high before US data that may give Fed clues

Steel manufacturer Mycron Steel Bhd (KL:MYCRON) is planning to develop and launch its own patented green steel products by 2025, as it looks to address the growing demand for sustainable materials.

Mycron Steel to launch own patented green steel products by 2025

Gold prices hit a record high of US$2,600 on Friday in a searing rally, as the prospect of more US interest rate cuts burnished its appeal amid global uncertainties.

Spot gold was up 0.7% at US$2,604.50 per ounce by 0749 GMT after hitting a record high of US$2,609.62. US gold futures GCcv1 rose 0.6% to US$2,630, while silver gained 1.1% to US$31.12.

Gold breaks past US$2,600/oz for the first time

Malaysia is moving forward to enhance the sustainability of its rare earths industry by examining the Mineral Development Act through the Natural Resources and Environmental Sustainability Ministry (NRES) to assess the necessity of adjustments for the efficient oversight of the non-radioactive rare earth element (NR-REE) sector.

Nik Nazmi: Putrajaya mulling legislative revisions to boost oversight of rare earths industry

Gold may face a minor, near-term setback if the Federal Reserve opts for just a 25-basis-point cut this week, but the metal will subsequently rally to a record aided by rising flows into bullion-backed exchange-traded funds, according to Goldman Sachs Group Inc.

Goldman says gold may dip if US Fed opts for quarter-point cut

BENGALURU (Sept 16): Gold prices surged to record highs on Monday, driven by a softer dollar and expectations of a larger interest rate reduction by the US Federal Reserve this week.

Gold prices at all-time highs as traders eye deeper US rate cut

Gold prices extended gains to hit a record high on Friday on expectations of interest rate cuts by the Federal Reserve, while palladium was set to log its best week in nine months.

Gold hits successive record highs before expected Fed rate cut

We at The Edge are in a mood to celebrate. On Oct 1, The Edge launched its literary opus, Behind the Stories: The Making of The Edge — The People, The Elations + Heartbreaks of the Past 30 Years. Yes, we are 30 years old and proud of it. And I have been here since it was set up in 1994.

My Say: There is still a place for long-form journalism, including in print

KUALA LUMPUR (Oct 9): Malaysian exporters are now keener to convert foreign proceeds amid sustained recovery of the ringgit, said members of Bank Negara Malaysia’s (BNM) Financial Markets Committee.

Malaysian exporters now keener to bring home foreign proceeds, BNM committee observes

New Zealand’s central bank cut interest rates by half a percentage point, stepping up the pace of easing as policymakers become more concerned about the economic slowdown.

New Zealand steps up pace of rate cuts as economy weakens

NEW YORK (Oct 8): The US said in a court filing on Tuesday that it was considering asking a judge to force Alphabet’s Google to divest parts of its business that helped the Big Tech firm maintain an illegal monopoly in online search.

US mulls potential breakup in Google search case

Boeing Co managed to hand over 33 aircraft to customers in September, when a strike shut down large parts of its manufacturing, while warning that the work stoppage at its main production hub in the Seattle area will reduce future deliveries.

Boeing cautions on deliveries as strike curbs aircraft output

BENGALURU (Oct 9): Copper prices in Shanghai dropped for a second straight session on Wednesday, pressured by doubts over economic recovery in top metals consumer China.

Shanghai copper dips for second session as China’s stimulus plan disappoints

Honda Motor Co said it is open to altering its electrification road map if demand for pure battery cars continues to wane, a sign the Japanese automaker may ultimately join international peers in walking back electric vehicle (EV) targets.

Honda leaves door open to revise EV strategy

Meta Platforms Inc is rolling out new artificial intelligence (AI) tools to help advertisers create and edit videos more easily, seeking to reach Facebook and Instagram users who are spending more time watching videos.

Meta launches generative AI video tools for advertisers

KUALA LUMPUR (Oct 9): Press Metal Aluminium Holdings Bhd (KL:PMETAL) Southeast Asia’s largest aluminium smelter by capacity is expected to post double-digit earnings growth in FY2025 stable aluminium prices, as global monetary policies ease and China’s economy recovers, said Hong Leong Investment Bank (HLIB).

Press Metal to see double-digit earnings growth in FY2025 — HLIB

US Federal Reserve (Fed) vice-chair Philip Jefferson said risks to the central bank’s employment and inflation goals are now closer to equal.

“The balance of risks to our two mandates has changed — as risks to inflation have diminished and risks to employment have risen, these risks have been brought roughly into balance,” Jefferson said on Tuesday in prepared remarks for an event at the Davidson College in North Carolina.

Fed vice-chair says risks to inflation, employment now balanced

A brief recap of some business news and corporate announcements that made headlines on Tuesday.

Public Bank, LPI Capital, Ireka, Perdana Petroleum, MClean, Enest, Sunsuria, Media Prima, Seal and Sime Darby

Shares of Crest Group Bhd (KL:CREST) rose 13% on their trading debut on Wednesday,&nbsp;after the imaging company raised RM82.11 million from its initial public offering (IPO) on the ACE Market.

Crest Group rises 13% on ACE Market debut after RM82 mil IPO

The world’s largest technology companies drove stocks higher, with the market rebounding from its worst session in a month. A rout in Treasuries eased as bets on US Federal Reserve (Fed) rate cuts stabilised. Oil sank.

‘Mag Seven’ rally as Nvidia’s winning run hits 14%

Ever since President Xi Jinping sought to&nbsp;draw a line&nbsp;under China’s slowdown last month, investors have clamored for him to back up monetary easing with a powerful fiscal stimulus to help fuel one of the nation’s biggest stock rallies in years.

China markets warn Xi that more stimulus is needed

Shares of Ireka Corp Bhd (KL:IREKA) surged to their highest in more than two years on Wednesday, after the construction company announced a RM1.07 billion contract.

Ireka Corp shares surge to over two-year high after RM1b contract win

Equities in Asia were primed for early gains on Wednesday after a tech rally lifted Wall Street and bets on US Federal Reserve (Fed) rate cuts stabilised.&nbsp;

Stock futures for Japan, Australia and Hong Kong all advanced. An index of US-listed Chinese shares fell 6.9% overnight as concerns mounted that the latest burst of stimulus may&nbsp;be insufficient&nbsp;to convince investors of a sustainable rally in the country’s equity market. After surging almost 11% at the open on Tuesday following a week-long holiday, Chinese stocks lost nearly half their gains.

Asian stocks set to rise after tech lifts Wall Street

A new HBO documentary about the origins of bitcoin suggests that Satoshi Nakamoto, the pseudonymous creator of the original cryptocurrency, is likely Canadian software developer Peter Todd.&nbsp;

HBO documentary suggests bitcoin creator 'Satoshi Nakamoto' is developer Peter Todd

Lee Wei Ling, the daughter of Singapore’s first prime minister Lee Kuan Yew, passed away at the age of 69.

Wei Ling died at home on Wednesday, according to a Facebook&nbsp;post&nbsp;by her brother Lee Hsien Yang. She was also the sister of former Singapore prime minister Lee Hsien Loong.

Wei Ling, daughter of Singapore's Lee Kuan Yew, dies at 69

Shares of Pertama Digital Bhd (KL:PERTAMA) resumed their decline in early trade on Wednesday, to their lowest&nbsp;in more than four years.

Pertama Digital fell as much as 20 sen or 41.2% to 28.5 sen, after hitting a limit down the day prior.

Pertama Digital resumes decline in early trade after limit down day prior

In a matter of weeks, Budget 2025 will be upon us. Research houses have started rolling out their predictions, anticipating areas of focus that the government will zero in to continue to support and bolster the economy.

A look at the previous four national Budgets

Asean micro, small and medium enterprises (MSMEs) should benefit from the US$2 trillion (RM8.55 trillion) expected economic value generated from the Digital Economy Framework Agreement (DEFA) by 2030.

Asean MSMEs should benefit from Digital Economy Framework Agreement, says Zafrul

The US Federal Aviation Administration (FAA) warned operators of certain Boeing Co 737 aircraft that the rudder system could possibly jam due to a faulty part, a week after a safety official rebuked the agency for not acting sooner to address the issue.

FAA issues safety alert on Boeing 737 rudder issue after NTSB rebuke

KUALA LUMPUR (Oct 9): Malaysian exporters are now keener to convert foreign proceeds amid sustained recovery of the ringgit, said members of Bank Negara Malaysia’s (BNM) Financial Markets Committee.

Citigroup Inc&nbsp;said US banks will be forced into a “dramatic shift” in how electronic payments are processed if New York state wins a lawsuit claiming the company doesn’t do enough to prevent online fraud.

'We are not bad guys': Citi pushes back on New York online fraud suit

KUALA LUMPUR (Oct 9): Press Metal Aluminium Holdings Bhd (KL:PMETAL) Southeast Asia’s largest aluminium smelter by capacity is expected to post double-digit earnings growth in FY2025 stable aluminium prices, as global monetary policies ease and China’s economy recovers, said Hong Leong Investment Bank (HLIB).

Minister in the Prime Minister's Department (Federal Territories) Dr Zaliha Mustafa said she held discussions with the mayor of Hangzhou (China) Yao Gaoyuan on Tuesday to strengthen "twin cities" cooperation between Kuala Lumpur and Hangzhou.

Zaliha in talks with mayor for KL-Hangzhou smart co-operation as twin cities

Prime Minister Datuk Seri Anwar Ibrahim has arrived in the Laotian capital here to attend the 44th and 45th Asean Summits and Related Summits.

His aircraft landed at Wattay International Airport at 8.37pm local time (9.37pm Malaysian time).

Anwar arrives in Vientiane for Asean Summits and Related Summits

Efforts to strengthen national unity require the synergy of various parties including the people by participating in various programmes implemented by the government through the Ministry of National Unity.

Build unity through stronger synergy between govt and people

The Enforcement Agency Integrity Commission (EAIC) has seized 156 Social Visit Pass (Medical Treatment Pass category) application files believed to be linked to a medical visa syndicate involving Immigration Department officers.

EAIC seizes 156 files in probe on medical visa syndicate involving immigration officers

Alimentation Couche-Tard Inc&nbsp;sent Seven &amp; i Holdings Co&nbsp;a new potential acquisition price of ¥7 trillion (US$47.20 billion or RM202.23 billion), people with knowledge of the matter said, showing that the Canadian company is still seeking to enter takeover talks after its initial bid was rejected.

Precious Metals

‌
‌

Precious Metals

‌‌

‌
‌