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Gold
CNMC in talks to acquire 51% stake in Kelantan miner Pulai Mining
SINGAPORE (June 28): CNMC Goldmine Holdings has signed a non-binding letter of intent to acquire a 51% stake in a Malaysian mineral miner Pulai Mining.
June 28, 2016
Brexit
Gold gains as investors seek refuge after Brexit vote
NEW YORK (June 28): Gold rose on Monday, staying close to the more than two-year high hit on Friday, as uncertainty over Britain's vote to leave the European Union pushed investors to sell equities and seek safer assets.
June 28, 2016
Brexit
Expect more central bank easing, strength in yen, greenback and gold post Brexit, say experts
SINGAPORE (June 24): The UK officially decided to leave the European Union on June 23, with leave votes trumping remain by 51.9% to 48.1%. A total of 33.5 million voted. Mayhem ensued in the markets, with the British pound dropping more than 10% to a 30-y
June 24, 2016
Brexit
Gold surges to highest since 2014 as BBC predicts vote for Brexit
(June 24): Gold surged to the highest level in more than two years in a frantic global hunt for haven assets as Britain’s voters were projected to back leaving the European Union.
June 24, 2016
Broker's Calls
Go for CNMC Goldmine: KGI Fraser
SINGAPORE (June 21): KGI Fraser Securities has initiated coverage on Malaysian low-cost gold producer CNMC Goldmine at a “strong buy” with a target price of 48 cents.
June 21, 2016
Gold gains as dollar rally pauses, investors boost ETF holdings
SINGAPORE (May 23): Gold rebounded from the longest run of weekly losses this year after a rally in the dollar paused and investors expanded bullion holdings while debating the possible timing of a US interest rate increase.
May 23, 2016
Gold drops as bets increase for Federal Reserve to raise rates
SINGAPORE (May 18): Gold snapped three days of gains as bets on the Federal Reserve lifting rates this year gained after stronger-than-expected US data and comments from two policy makers that pointed toward increases.
May 18, 2016