gold prices

Spot gold declined 0.2% to US$2,001.65 an ounce as of 12.55 pm in Singapore.

Stay fully invested in quality assets, as inflation and economic momentum have proven to be stickier than expected: Julius Baer

Saxo says if inflation were to continue any quicker in 2023 than half its pace in 2022, it almost guarantees outrageous outcomes.

The traditional haven asset jumped as much as 3.4% on Feb 24 when Russia launched a full-scale attack on its neighbour.

Spot gold fell 0.4% to US$1,890.91 at 10.40 am in Singapore.

Gold is holding close to US$1,900 an ounce.

Maxwell Gold sees gold serving as a against multiple forms of risk, not just inflation, in 2021's volatile risk landscape.

Crude futures in New York increased 2.2% and spot gold added 0.1% amid a broader gain in Asian stocks.

According to Fitch, the global recession, low bond yields and rising geopolitical tensions are expected to support gold prices in the short term, owing to the metal’s safe haven status.

SINGAPORE (June 23): As countries around the world are reopening their economies, despite the lack of a vaccine for the novel coronavirus (Covid-19), gold and crude oil prices could see contrasting movements.