Tag: Gold
Gold eyes US$2,000 mark in speedy record-breaking run
By Reuters, published by Channel NewsAsia London/Bengaluru: Gold’s record rally is moving tantalisingly close to the psychologically key US$2,000 level, powered by investors seeking cover from Covid-19’s global economic toll, as reflected in dollar weakness, faltering stocks and US-China trade tensions. Spot gold prices have surged 53% in the last 14 months, blowing past 2011’s …
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People flock to sell gold amid massive price rise
AFTER gold price soared to an all-time high there was a big rush to sell the precious metal in Yaowaraj area of Chinatown with people eager to lock in their profit amid a steep climb of 1,300 baht a baht weight this week, INN News, Kitco.com and CNBC reported today (July 25, 2020). People steadily …
Gold rises as new coronavirus cases spur lockdown fears
By CNBC and Thai Newsroom Reporters GOLD gained on Friday (June 19) as a rise in coronavirus cases raised concerns of a second wave of the pandemic that could compel governments to implement new lockdowns. Spot gold was up 1.1% to $1,740.79 per ounce, while US gold futures settled 1.3% up at $1,753 per ounce. …
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Police smash network laundering B200 billion drug money
IN A nationwide operation police broke up a major drug trafficking network which was working on laundering 200 billion baht with 300 suspected arrested including gold shop and oil business owners, INN News report this afternoon (June 19). Seized in this operation was a total of 700,000 tablets of methamphetamine (Speed) and around five kilogrammes …
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Gold heading for ‘never really imagined’ price levels amid volatility
By Anna Golubova, Kitco News THERE is a lot of volatility ahead for gold, whether it be this year or this decade, with new investors embracing the precious metal in its traditional or digital forms, according to Digix co-founder and COO Shaun Djie. Gold’s investor-base is already widening as many new type of traders have …
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