Thursday 11 February 2016
 
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Gold

Gold surges to one-year high

Gold surged nearly 4 per cent on Thursday to its highest in a year as fears about financial instability, a lower dollar and US Treasury yields persuaded investors to seek refuge in the precious metal. Traders said financial instab

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Scramble for safety boosts gold and bonds

Fresh cracks appeared in global markets on Thursday as investors sought the safety of Japanese yen, gold and top-rated bonds while dumping US dollars on bets the Federal Reserve could be done raising interest rates. Even the absen

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Gold heads towards seven-month high

Gold rose on Tuesday as shares resumed falls, and was just below the 7 1/2-month high struck the previous day after growing concerns about the global economic outlook sent investors into safer assets. The precious metal saw some p

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Gold hits 3-month high on global economy concerns

Gold hit three-month highs on Monday, extending its biggest weekly rise since July 2013 as sliding stock markets, global growth uncertainty and a softer dollar prompted investors to seek safety in hard assets. Spot gold reached a

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Gold hits 12-week high as equities, oil tumble

Gold rallied to its highest in nearly 12 weeks on Tuesday as a fresh rout in world stocks and a slide in oil prices battered appetite for risk, sending investors fleeing to alternative assets. European stocks fell nearly 1 per cen

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KFC marks anniversary with gold coins giveaway in Mena

Leading chicken restaurant brand KFC is celebrating the 50th anniversary of the launch of its original recipe in the region with a unique campaign that will give its customers gold rewards.    The restaurant

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Push for sharia standard on gold in Bahrain

A new sharia standard on gold, including rulings for gold-based financial products, will be developed under a new initiative by the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI). A statement by the Bahrain-ba

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Gold slides from 9-week high as stocks steady, dollar firms

Gold prices fell as much as one per cent on Friday, retreating from the previous day's nine-week high as stock markets steadied after this week's rout and the dollar strengthened.   European stocks edged

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Gold hits 4-week high as China worries hurt stocks

Gold hit a four-week high on Wednesday, extending gains for a third session, as persistent concerns over the Chinese economy battered stock markets, while tensions simmered in the Korean peninsula and the Middle East. The metal is

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Gold jumps as stocks drop, Mideast tensions flare

Gold rallied more than 1 per cent on Monday, buoyed by rising tensions in the Middle East and a sharp drop in stocks and the dollar following weak Chinese data that fuelled concerns over global growth. Platinum group metals, which

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