BENGALURU (June 8): Gold prices edged higher on Thursday, supported by a softer dollar, although bullion hovered near the previous session's lows, as investors awaited cues from the US Federal Reserve after the Bank of Canada hiked its rates to a 22-year high.

Gold climbs on softer dollar as traders weigh Fed verdict

China increased its gold reserves for a seventh straight month, signalling ongoing strong demand for the precious metal from the world’s central banks. 

China raised its gold holdings by about 16 tons in May, according to data from the People’s Bank of China (PBOC) on Wednesday (June 7). Total stockpiles now sit at about 2,092 tons, after adding a total of 144 tons from November through last month.

China’s gold binge extends to seventh month as holdings climb

BENGALURU (June 7): Gold prices inched higher on Wednesday, trading in a tight range as support from a weaker dollar countered concerns surrounding the US Federal Reserve's next interest rate decision.

Gold trades in tight range as investors await Fed decision

BENGALURU (June 6): Gold prices edged lower on Tuesday, as investors sought more clarity around the US Federal Reserve's policy outlook, while a softer dollar capped further decline, keeping bullion in a narrow range.

Gold dips, softer dollar limits losses

A British consortium that includes mining giant Glencore will invest about US$9 billion in Indonesia's mining and electric vehicle (EV) battery sectors, a minister said on Wednesday (May 31), as the resource-rich country tries to lure a host of multinational firms.

British consortium to invest US$9b in Indonesia mining, EV batteries, minister says

Indonesia, the world's top nickel producer, has put on hold plans to tax nickel product exports while it works on creating a price index to ease volatility tied to the London Metal Exchange (LME) benchmark, a senior government official said on Tuesday (May 30).

Indonesia puts nickel export levy on hold to devise a price index first

Gold prices hovered near two-month lows in thin trading on Monday (May 29) as the US debt ceiling agreement eased investor worries and weighed on safe haven assets, while chances of the Federal Reserve raising rates dampened the demand for bullion.

Gold holds at two-month lows as US debt deal, Fed hike bets weigh

Gold prices rose on Friday (May 26) after the dollar retreated from a two-month high, although bullion was poised for a third straight weekly drop as traders assessed the progress of the US debt ceiling negotiations and the Federal Reserve's next policy move.

Gold prices set for weekly drop as US debt talks progress

Fitch Solutions has revised its tin price forecasts to US$25,000 per tonne (or RM115,602.77) from US$20,000 per tonne amid tight supply in the global tin market following regulatory changes.

Fitch forecasts higher tin prices amid tight supply following new rulings by Myanmar, Indonesia 

Indonesia will allow shipments of some raw minerals to continue despite an export ban that is set to start in June, the mining minister told parliament on Wednesday (May 24).

Indonesia to allow exports of five raw minerals despite June ban

Gold prices ticked up on Friday (March 19) but were on course for their biggest weekly drop in 3-1/2 months as hopes of a resolution in the US debt ceiling negotiations and fading expectations of a rate cut by year-end took some shine off bullion.

Gold set for biggest weekly fall since Feb on US debt deal hopes

BENGALURU (May 18): Gold prices steadied on Thursday as the dollar pulled back slightly from a seven-week peak, while traders focused on negotiations in Washington over raising the US debt ceiling.

Gold steady as US debt talks dominate market mood

Gold prices ticked down on Friday (May 12) as the dollar held firm, although persistent economic fears and the US debt ceiling standoff cushioned bullion's further decline.

Gold subdued on firm dollar, economic fears cap losses

Gold prices extended losses to a second session on Thursday (May 11) as the dollar advanced, while markets assessed US inflation data to gauge the Federal Reserve's next policy move and awaited England's interest rate decision.

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