LONDON, April 2 — Gold prices nailed another historic peak today and oil extended gains over rising tensions in the Middle East, while stocks wilted as traders worried whether...
LONDON, April 2 — Gold prices nailed another historic peak today and oil extended gains over rising tensions in the Middle East, while stocks wilted as traders worried whether the rally has run its course.
“Gold’s historic safe haven appeal has been re-ignited by geopolitical factors which includes the current crisis in the Middle East,” said Rabobank analyst Jane Foley.“The possibility of an escalation in the Middle East given current headlines regarding Iran’s accusations of Israeli strike on a consulate building in Syria are underpinning gold prices today,” she added.
The Institute for Supply Management’s gauge of factory activity showed expansion for the first time in March, after 16 straight months of contraction. Market analyst Fawad Razaqzada at City Index and FOREX.com said that concerns about the rally that has seen the S&P 500 rise around 28 per cent since October has prompted some profit-taking.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nicol: Sivasangari’s amazing run in London Classic win bodes well for Olympic gold targetKUALA LUMPUR: The sterling success of national squash queen S. Sivasangari winning the London Classic Squash Championship has given a new sheen to the...
Read more »
Gold controversy: Man pleads not guilty to 'misusing' gold residue for own useKUALA LUMPUR: The Employees Provident Fund (EPF) has released a revised list of unit trust funds that qualify under the EPF Members Investment Scheme (EPF MIS) effective April 1, 2024.
Read more »
Sound of the Underground: The busker aiming to play every London Tube stopLONDON, April 1 — Strumming his acoustic steel string guitar on a busy street in east London, 27-year-old Australian singer-songwriter Dan Tredget is a man on a mission....
Read more »
China job ad sparks social media outcry over 'middle-age' unemploymentA job advertisement in China seeking cashiers aged 18 to 30 at a grocery store has ignited debate on social media about the perils of 'middle-age unemployment', amid a scramble to fill jobs across age groups and energise a sluggish economy.
Read more »
China job ad sparks social media outcry over ‘middle-age’ unemploymentBEIJING, March 25 — A job advertisement in China seeking cashiers aged 18 to 30 at a grocery store has ignited debate on social media about the perils of “middle-age...
Read more »
Israeli defence chief says Washington visit to focus on maintaining ‘military superiority’ in Middle EastJERUSALEM, March 25 — Israeli Defence Minister Yoav Gallant said yesterday his visit to Washington this week would focus on maintaining Israel’s military superiority in the...
Read more »