Gold lacks momentum as Fed meeting looms

Gold lacks momentum as Fed meeting looms

GOLD struggled for momentum on Tuesday (Jul 30) as investors looked for more cues on when the US central bank will cut interest rates from this week’s policy meeting and data releases. Spot gold was down 0.1 per cent at US$2,380.31 per ounce, as at 0156 GMT. US gold futures were little changed at US$2,377.30. …

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Singapore shares open higher on Tuesday; STI up 0.2%

Singapore shares open higher on Tuesday; STI up 0.2%

SINGAPORE stocks started trading in positive territory on Tuesday (Jul 30). This comes ahead of a key US Federal Reserve meeting. As at 9.01 am, the Straits Times Index (STI) opened 0.2 per cent or 5.3 points higher at 3,449.48. Across the broader market, losers outnumbered gainers 60 to 42 after 45.9 million securities worth…

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Temasek to invest US$30 billion in US over five years

Temasek to invest US billion in US over five years

SINGAPORE’S state-owned Temasek Holdings plans to invest US$30 billion in the United States market over the next five years as the firm remains cautious on putting money into China. “The Americas is going to be and continue to be the largest recipient of capital,” Jane Atherton, Temasek’s head of North America, said on Monday (Jul…

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