Malaysia jolts bullion trade with 10% import duty on gold bars
MALAYSIA has imposed a 10% import duty on some gold bar shipments, according to traders familiar with the matter, disrupting the bullion trade in the Southeast Asian nation.
Gold slips as US-Iran tensions lift oil, stoke inflation fears
GOLD fell on Tuesday as fresh U.S. attacks in Iran pushed oil prices higher, fuelling concerns around inflation and higher-for-longer interest rates.
B15 implementation in peninsular Malaysia will not affect palm oil exports
PUTRAJAYA: The B15 biodiesel implementation in Peninsular Malaysia starting June 1 is set to strengthen the country's energy security without affecting palm oil export volume while also helping to support the local palm oil industry and accelerate the national green agenda.
Gold rises as dollar, oil ease on US-Iran deal prospects
GOLD prices rose more than 1% on Monday, as optimism for a breakthrough in U.S.-Iran peace negotiations weakened the dollar and eased oil prices, which softened the inflation outlook.
Oil slips 6% as US, Iran seen moving closer to peace deal
SINGAPORE: Oil prices fell 6% to two-week lows on Monday, as optimism grew that the United States and Iran were moving closer to a peace deal, even though they remain at odds over key issues, such as blockades on the Strait of Hormuz.
Gold slips on stronger dollar, Fed rate-hike bets
Gold prices fell on Friday, pressured by a stronger U.S. dollar and as elevated oil prices have raised expectations for interest rate hikes by the U.S. Federal Reserve.
Oil slips 2% on uncertain US-Iran deal prospects
Oil prices were volatile on Thursday, ultimately settling about 2% lower as uncertainty over prospects for resolving the US-Israeli conflict with Iran weighed on the market.
Goldman Sachs says global oil stockpiles falling at record pace
Global stockpiles of crude oil and products are being drawn down at a record pace this month as the war in the Middle East drags on, curtailing supplies, according to Goldman Sachs Group Inc.
Malaysian palm oil groups worried Indonesian export revamp could cause short-term disruption
KUALA LUMPUR: The Malaysian palm oil industry is concerned that Indonesia's plan to centralise exports of key commodities, including palm oil, could temporarily disrupt export flows and weigh on market sentiment during the transition period, officials said on Thursday.
Gold eases on higher yields, firm dollar; US-Iran talks in focus
GOLD edged lower on Thursday as higher Treasury yields and a firm dollar weighed on the metal, while hopes of a resolution to the U.S.-Iran conflict limited losses.
