In times of crisis and uncertainty, the metal remains the go-to asset for rainy days. Read more at straitstimes.com.
BALI — Ms Endang Kusumaning looks focused as she is picking out gold rings at the Melati Gold Shop.
Two will go to her daughter, who celebrates her 17th birthday in June, and one – accented with a zirconia – Ms Endang will keep for herself. As economies recover from Covid-19, Asian households are renewing their love affair with gold even as its price tests new highs. For a month now, the price of gold has fluctuated around US$2,000 per ounce, not far off its record high of nearly US$2,070 in 2020. The global price of the metal has climbed by 22 per cent since October.
While Asia’s love affair with the yellow stuff is not necessarily new, the determination among many households to claw back gold stands out.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Kitchen Stories: The young Singapore chef exploring the full potential of Southeast Asian produceBuah keluak that brings out the flavour of sweet potatoes and sticky date pudding recreated using longans and ravioli with tang-o sauce are just some of the interesting ideas and flavour hits at new restaurant Province by emerging young chef Law Jia-Jun.
Read more »
Southeast Asian leaders pledge crackdown on human traffickers online scamsLABUAN BAJO, Indonesia - Southeast Asian leaders pledged on Wednesday (May 10) to crack down on online scams operated by human traffickers to prey on vulnerable job seekers, particularly in the poorest countries of the region. Meeting in Indonesia for a summit of the Association of Southeast Asian Nations, the leaders called for a regional approach to combat human trafficking....
Read more »
Asian shares tentative on global growth concerns, Japan surgesSYDNEY : Most Asian share markets were subdued on Friday and the dollar held onto its gains from safe-haven flows, after soft economic data from U.S. and China magnified concerns of a global slowdown, although Japanese stocks outperformed. MSCI's broadest index of Asia-Pacific shares outside Japan slipped
Read more »
The Big Read in short: Singapore's household recycling bluesSINGAPORE — Property agent Rose Tan throws her domestic waste in the designated blue recycling bins below her flat two to three times a day.
Read more »
The Big Read: Why household recycling rate has been falling despite greater eco-consciousness, Govt pushSINGAPORE — Property agent Rose Tan throws her domestic waste in the designated blue recycling bins below her flat two to three times a day.
Read more »
Warring Sudanese factions fight on after failing to agree truceAir strikes and artillery pounded Khartoum on Friday, Read more at straitstimes.com.
Read more »