19 Aug '11, 9pm

All that glitters is gold: However, the bank sells gold in Singapore dollars, as per the general market practice...

In recent months, the stock market continues to be volatile due to the weak US dollar and unresolved United States and European debt issues. Against this backdrop, political and economic uncertainties have caused investors much anxiety and driven them to the gold market over the past few months This is no surprise as gold is often considered a safe haven during times of uncertainty. Other factors such as war, mining production and jewellery consumption could also possibly affect gold prices. However, in recent years, the economic and political instabilities have been the main contributing factors towards gold price fluctuations. The price of gold rose to a record high last month in US dollars as well as in euro, sterling pound and Swiss francs. Gold is a major beneficiary of the sovereign debt crisis in Europe and the wider concern about growing government deficits in the ...

Full article: http://www.todayonline.com/Business/PersonalFinance/EDC11...

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channelnewsasia.com 19 Aug '11, 12pm

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channelnewsasia.com 24 Aug '11, 10pm

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