Source: Reuters As gold prices near US$2,000 an ounce, some bulls say it is time to take money off the table after the safe-haven rally extended too far, too fast in recent weeks. Gold investors at several firms said gold prices could correct sharply, citing overvaluation. While that does not mean prominent bulls are now...

Source: AFP Libyan oil output remains shrouded in uncertainty but it could take six months to gradually return to normal, analysts said, as rebel forces looked set to bring Muammar Gaddafi’s 42-year rule to an end. Jubilant rebel forces stormed the symbolic heart of Tripoli on Sunday and fighting continued to rage on Monday near...

Source: Bloomberg Gold may climb the most in more than three decades this year as investors and central banks boost their holdings on concern that global economic growth may stall amid a worsening sovereign-debt crisis in the US and Europe. Gold for immediate delivery may reach US$2,000 an ounce by the yearend, extending this year’s...

Source: Bloomberg For the first time in five years, emerging-market debt is breaking its link with riskier assets and trading in sync with securities that investors deem the safest. Gains in local-currency debt of developing nations sent yields on the benchmark index to a nine-month low even as bonds of similarly-rated US companies fell this...

Source: AFP Global stocks tumbled further and safe bet gold surged to new records Friday on mounting fears of fresh recession amid slowing growth in top economies and debt tensions in the eurozone and United States. The euro fell against the dollar, while the US currency dropped versus the yen, whose strength continued to hurt...

Source: Bloomberg Gold rose to a record above US$1,860 an ounce, poised for the longest run of weekly gains since April 2007, as escalating concern the global economy is slowing drove equities lower and spurred demand for a haven. The metal is set for a seventh weekly advance as worse- than-expected US economic data and...

Source: AFP Gold prices closed at US$1,782.50-US$1,783.50 an ounce in Hong Kong on Thursday, down from its record high above US$1,800 in the morning when dealers rushed into the safe haven asset. The precious metal hit US$1,814.50-US$1,815.50 in early trade as Asian markets tumbled after Wednesday’s massive sell-off in the United States and Europe, which...

Source: AFP The price of gold struck a record high above US$1,700 an ounce on Monday with dealers flocking to the safe haven metal as Asian stocks tumbled following Standard & Poor’s downgrade of US debt. The price of gold reached US$1,704.30 an ounce in Hong Kong trade. “People are just taking their money out...

Source: Reuters Fear gripped Asian markets on Monday as fallout from the historic downgrade of the US debt rating drowned out pledges of assistance from Europe’s central bank and soothing words from the Group of Seven. Facing the unknown, investors ran to gold, which hit a new record atop US$1,700 an ounce, while share markets...

Source: Bloomberg Gold climbed as investors sought a haven from a rout in financial and commodity markets, which plunged on concern that global economic growth is stalling as governments in the US and Europe remain constrained by debt. Bullion for immediate delivery gained 0.5 per cent to US$1,654.35 an ounce at 12:02 pm in Singapore,...

by Jared Heng One of many seminars at AICE 2011 Europe’s sovereign debt crisis should not spell the end of the euro despite the severity of the Greek situation, expert panellists said at the Asian Investment Conference and Exhibition (AICE) in Singapore on Saturday. “The (sovereign debt) problem in Greece is unsustainable, but what they’re...

by Jared Heng Europe’s sovereign debt crisis should not spell the end of the euro despite the severity of the Greek situation, expert panellists said at the Asian Investment Conference and Exhibition (AICE) in Singapore on Saturday. “The (sovereign debt) problem in Greece is unsustainable, but what they’re trying to do is to contain it...