Thursday 23 October 2014
 
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Gold

Batelco wins key Cisco certification

Bahrain’s leading telecommunication service provider Batelco has won the Cisco Gold Certification. Batelco said it has met the requirements by offering a broader range of certification and expertise in advanced technologies,

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Gold retreats from 4-week high as dollar rises, oil slides

Gold retreated from an earlier four-week high on Tuesday, losing momentum as lacklustre euro zone data hurt the euro versus the dollar, though fears over global growth limited losses. Deepening worries over the health of the globa

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Gold holds above $1,200, bearish sentiment prevails

Gold held above $1,200 an ounce on Tuesday, retaining most of its sharp overnight gains following a bout of profit-taking in the dollar, but optimism over the US economy and possibility of higher rates kept investors wary. Spot go

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Gold sinks to 15-month low on robust US data

Gold tumbled to its lowest level in around 15 months on Monday after better-than-expected US jobs data boosted the dollar, dampening safe-haven appetite for bullion and pushing silver and platinum to multi-year lows. Gold, which o

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Gold set for first quarterly loss this year

Gold fell on Tuesday, as the dollar and European stocks climbed, with the metal set to post its sharpest monthly loss since June 2013 and the first quarterly loss this year on expectations of further gains in the US currency. Gold

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Gold falls to nine-month low

Gold prices fell to a nine-month low on Thursday as the dollar rose to four-year highs against a basket of currencies and stock markets strengthened. Platinum fell to its lowest since June last year, sliding below $1,300 an ounce,

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Property beats gold as preferred asset in UAE

Property is now a more popular investment asset class than gold for UAE residents, a report said, elaborating that property makes up 53 per cent of investment portfolios, compared with 43 per cent holding traditional asset gold. T

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Silver slumps to 4-year low; gold may test $1,200

Silver's sell-off extended to a second session on Monday, with the metal tumbling to a four-year low, as investors unwound long positions amid strength in the dollar and the possibility of a sooner-than-expected US rate hike.

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Oil, gold plunge to new lows on strong dollar

Brent crude dropped towards $98 per barrel, while gold tumbled to its lowest in 8-1/2 months on Thursday as the dollar index jumped to a four-year peak on fears about a looming US interest rate increase. Poor demand and abundant s

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Gold at 8-month low on strong dollar

Gold dropped to fresh eight-month lows on Monday on fears that the US Federal Reserve may signal an early interest rate hike at this week's policy meeting, while the strength in the dollar and weak physical demand also weighed on bullion.

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