• Tue
  • Sep 23, 2014
  • Updated: 10:12pm

Gold prices

Diamonds are trumps as price of gold wobbles

Tan Jun has kept a cool head as he watched family and friends rush to buy gold bars and jewellery over the past month in the hope of benefiting from the slump in the price of gold.

Saturday, 18 May, 2013, 4:00am 2 comments

Adding shine to stimulus

The slump in gold may hand activist central bankers more reasons to pursue the easy monetary policy that helped drive up the metal's price in the first place.

18 Apr 2013 - 5:33am

CIC bullish on gold in face of price slump

A senior official at China Investment Corp says the US$500 billion sovereign wealth fund has exposure to gold, although "not on a big scale", and the fund is confident that gold prices will rise in the long run owing to limited global supply.

18 Apr 2013 - 5:52am

Gold price continues to slide despite rising demand

Gold opened at HK$15,238 per tael, down 2.1 per cent from HK$15,560 on the previous trading day. In London, spot gold traded at US$1,644.60 an ounce on Wednesday, down nearly 2 per cent this year.

15 Feb 2013 - 5:20am

Quantitative easing does little to boost gold prices

Gold is at a strange juncture. In sharp contrast to the previous two rounds of quantitative easing by the US Federal Reserve, gold prices are trending down, not up (see graph).

Quantitative easing is inflationary. Gold offers protection on inflation. Investors should be buying gold now to guard against QE3-fuelled inflation, but this is not the case.

28 Jan 2013 - 4:39am

End of a long bullion run?

Danske Bank and Credit Suisse Group, the most-accurate gold forecasters, say prices will probably peak this year while their nearest rival, UniCredit, sees no end in sight to the 12-year bull market.

17 Jan 2013 - 4:19am

Silver expected to outshine gold

Silver is expected to appreciate more than gold this year but traders warn investors may risk getting burned because of the high volatility in the thinly traded metal.

11 Jan 2013 - 3:56am

Gold steady on Mideast tension, hopes for US fiscal talks

Gold traded steady on Tuesday following its biggest one-day rise in two weeks, supported by hopes of a U.S. solution to its fiscal problems and Middle East tension, but weighed down by a firmer dollar as a result of France’s rating downgrade.

20 Nov 2012 - 12:48pm

Price of gold tipped to remain high

Gold prices will likely stay high next year as mine-supply is tipped to be restrained, demand is expected to pick up in India and the mainland and central bank buying will remain robust, according to the World Gold Council and Barclays.

14 Nov 2012 - 2:58am

China expected to buy more gold

China may add more gold to its reserves as the precious metal accounts for a lower share of total holdings compared with the United States, according to the London Bullion Market Association.

13 Nov 2012 - 3:53am