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GOLD prices rose on Friday, rebounding from a more than 1% drop in the previous session, as investors bought safe-haven bullion on heightened uncertainty over a widening Middle East conflict.
NEW YORK: Gold prices were largely steady on Friday, after dropping more than one per cent in the previous session, as investors stayed on the sidelines assessing the impact of a widening Middle East conflict on the global economy.
GOLD prices edged higher on Thursday as the widening Middle East conflict drove investors towards the safe-haven asset, while a rebound in the dollar limited gains.
BENGALURU: Gold prices climbed two per cent on Wednesday, rebounding from a more than one-week low hit in the previous session, as the US dollar took a breather and escalating tensions in the Middle East boosted safe-haven demand for the yellow metal.
GOLD prices rose over 1% on Wednesday, rebounding from a more than one-week low hit in the previous session, as a widening Middle East conflict sent global markets tumbling and supported safe-haven demand.
SINGAPORE: Stocks resumed their selloff and the dollar strengthened in early Asian trading on Tuesday as investors considered the implications of US and Israeli strikes on Iran on energy prices and the global economy.
TAIPEI: The yen clawed back strength against the US dollar during the Asian trading session on Thursday, while better-than-expected earnings from Nvidia boosted investor confidence and markets awaited details of the latest US tariffs on imports of foreign goods.
TAIPEI: The dollar began the day on the back foot during the Asian trading session on Thursday, as better-than-expected earnings from Nvidia boosted investor confidence and markets awaited details of the latest US tariffs on imports of foreign goods.
SINGAPORE: Asian stocks stabilised after a wobbly start on Tuesday as a fresh AI-linked selloff on Wall Street rattled investors, with sentiment also hurt by heightened anxiety over U.S. President Donald Trump's tariff policy and geopolitical tensions.
SINGAPORE: Asian stock markets stuttered in early trade on Tuesday as a selloff on Wall Street overnight rattled investors, with sentiment hurt by heightened uncertainty over US President Donald Trump's tariff policy and rising geopolitical tensions.
South Korean shares hit a record on Thursday on strong chip demand tied to global AI expansion, while Singapore stocks crossed 5,000 for the first time as investors rotated into diversified non-tech plays in Asia.
The Nasdaq and the Dow fell slightly on Wednesday, while the S&P 500 made no progress in either direction as a stronger-than-expected employment report eased worries about the economy but also fuelled bets that the Federal Reserve could slow its interest-rate cuts.