Gold's prospects for a sustained price rally are better than they have been for years as a weaker dollar, crashing oil prices and concerns about the global economy have revived its safe-haven status after years as the dog of global financial
Gold surged nearly 4 per cent on Thursday to its highest in a year as fears about financial instability, a lower dollar and US Treasury yields persuaded investors to seek refuge in the precious metal.
Traders said financial instab
Fresh cracks appeared in global markets on Thursday as investors sought the safety of Japanese yen, gold and top-rated bonds while dumping US dollars on bets the Federal Reserve could be done raising interest rates.
Even the absen
Gold rose on Tuesday as shares resumed falls, and was just below the 7 1/2-month high struck the previous day after growing concerns about the global economic outlook sent investors into safer assets.
The precious metal saw some p
Gold hit three-month highs on Monday, extending its biggest weekly rise since July 2013 as sliding stock markets, global growth uncertainty and a softer dollar prompted investors to seek safety in hard assets.
Spot gold reached a
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