Gold dips but global growth worries remain


Spot gold slipped 0.4% to US$1,227 an ounce at 0344 GMT on Tuesday Oct 15, 2014.

SINGAPORE: Gold eased for a second session on Wednesday as the dollar and equities edged up after sharp losses, but lingering worries over the global economy could support the safe-haven metal.

Spot gold had slipped 0.4% to US$1,227 an ounce by 0344 GMT. The metal hit a four-week peak of US$1,237.90 on Tuesday, before paring gains to close the day 0.4% lower.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Business News

Tupperware Brands plans to file for bankruptcy, Bloomberg News reports
PUC appoints Wayne Lim as group CCO
Dollar pinned down by 50 bp Fed cut wagers
Short selling of APB Resources shares suspended by Bursa
Anwar: Halal industry more comprehensive, can complement Islamic economy
Malaysia keeps October crude palm oil export duty at 8%
Asian stocks, currencies gain on outsized US rate cut bets
Rubber glove stocks lead Bursa Malaysia's gains
99 Speed Mart billionaire sets sights beyond Malaysia after IPO
FBM KLCI: Gamuda set to join as Genting Malaysia faces possible exit

Others Also Read