By Francis Fernandez Kuala Lumpur : Tadmax Resources Bhd has hit rock bottom. Volume is declining, the price has beenRead More

Tadmax Hit Rock Bottom. The Only Way Is Up

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Oil closed in a bear market , but don’t abandon hope. Analysts are looking beyond the current slide to nextRead More

Bears Dance, As Oil Bulls Dream Of Crude At US$58

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Gold hits three-month high as Fed dampens rate hike expectations

LONDON (Feb 23): Gold prices hit a three-month high on Thursday after the minutes of the latest Federal Reserve policy meeting further dampened expectations of an interest rate hike in March, lowering US bond yields and stalling upward momentum in the dollar.

Spot gold was on track for its biggest daily gain since Feb 6, rising 0.9 percent by 1611 GMT to US$1,249.05 an ounce, its highest since Nov 11. US gold futures rose 1.3 percent to UA$1,250.       


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