Gold rallied to its highest in nearly 12 weeks on Tuesday as a fresh rout in world stocks and a slide in oil prices battered appetite for risk, sending investors fleeing to alternative assets.
European stocks fell nearly 1 per cen
Leading chicken restaurant brand KFC is celebrating the 50th anniversary of the launch of its original recipe in the region with a unique campaign that will give its customers gold rewards.
A new sharia standard on gold, including rulings for gold-based financial products, will be developed under a new initiative by the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI). A statement by the Bahrain-ba
Gold prices fell as much as one per cent on Friday, retreating from the previous day's nine-week high as stock markets steadied after this week's rout and the dollar strengthened.
European stocks edged
Gold hit a four-week high on Wednesday, extending gains for a third session, as persistent concerns over the Chinese economy battered stock markets, while tensions simmered in the Korean peninsula and the Middle East.
The metal is
Gold rallied more than 1 per cent on Monday, buoyed by rising tensions in the Middle East and a sharp drop in stocks and the dollar following weak Chinese data that fuelled concerns over global growth.
Platinum group metals, which
Gold edged higher on Thursday as the dollar rally paused but the metal was set to post a third straight annual loss ahead of what is likely to be another tough year with the prospect of higher US rates and dollar strength.
Gold rose on Monday, as uncertainty about how fast the Federal Reserve will tighten interest rates next year weighed on the dollar.
Stronger European shares and a renewed slump in crude oil prices, which hit levels unseen since 20
Gold hit a near-six-year low on Thursday, as the dollar soared after Federal Reserve chair Janet Yellen hinted at a US rate hike later this month and investors nervously awaited the European Central Bank's policy decision later in the day.
Gold hit a four-week low on Monday, extending a sell-off into a fourth straight session as technical signals deteriorated and investors fretted that the Federal Reserve would raise US interest rates this year.
The metal failed to