Gold set for biggest daily gain since 2008 after two-session rout
Gold surged over 5% on Tuesday, on track for its biggest daily gain since November 2008, while silver also jumped as precious metals staged a comeback after their steepest two-day drop in decades.
Gold plunges after biggest drop in a decade as rally unwinds
NEW YORK: Gold fell, following its biggest plunge in more than a decade, and silver whipsawed in choppy trading after a dramatic pullback from record highs.
Gold, silver extend free fall as CME margin hike fuels selling pressure
A rout in gold and silver intensified on Monday after top commodity exchange CME Group raised margin requirements following a collapse in metals prices last week that was triggered by Kevin Warsh's nomination as the next Fed chair.
Slump in commodities rattles global markets
SINGAPORE: Commodities markets slumped on Monday, led by deep losses in gold, silver, oil and industrial metals as the choice of Kevin Warsh as the next Fed chair set off a wave of selling in risk assets that sent precious metals tumbling for a second session.
Gold plunge deepens as traders unwind ‘crowded’ bets on rally
Gold fell, following its biggest plunge in more than a decade, and silver whipsawed in choppy trading after a dramatic reversal of a record-breaking rally that ran too far, too fast.
Bullish bias seen for CPO futures
KUALA LUMPUR: Crude palm oil (CPO) futures on Bursa Malaysia Derivatives are expected to trade with a bullish bias this week amid signs of weaker output, a dealer says.
Chinese cashing in jewellery as prices soar
Shanghai: Dozens of people crowd around an automated gold recycling machine at a Shanghai mall, hoping to melt down family heirlooms for cash as prices of the precious metal hit record highs.
UBS raises gold price target to US$6,200/oz
UBS has raised its gold price target to US$6,200 per ounce from $5,000 for March, June and September 2026, citing stronger-than-expected demand stemming from increased investment.
Oil slips, but set for biggest monthly gain in years on geopolitical risks
SINGAPORE: Oil prices slipped more than 1% on Friday from multi-month highs, though they are set for their most substantial gains in years, as the risk premium surged due to a potential U.S. attack on Iran that could disrupt supplies.
Oil prices surge on worries US could attack Iran
Oil prices climbed 3% to a five-month high on Thursday on rising concerns that global supplies could be disrupted if the US attacks Iran, one of Opec's biggest crude producers.
