[MARKET UPDATE] Gold resumes upside in early Asia-Pac trade with the precious metal up around 1% and approaches closer towards the USD 5,000/oz level
Gold's 1% rise in early Asian trading suggests renewed demand, possibly driven by safe-haven buying amidst economic uncertainty.
Singaporean S&P Global PMI (Jan) 56.8 (Prev. 54.1)
CK Hutchison (1 HK) says it does not agree with the determination and corresponding actions in Panama, and its unit initiates arbitration proceedings against the Republic of Panama
[MARKET UPDATE] Gold resumes upside in early Asia-Pac trade with the precious metal up around 1% and approaches closer towards the USD 5,000/oz level
PBoC is expected to set USD/CNY mid-point at 6.9385 (prev. 6.9608)
LG Energy Solution (373220 KS) is to supply ESS batteries to Hanwha's (009830 KS) US arm, according to Yonhap
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Approaching the USD 5,000/oz level could attract further buying interest, as traders assess the implications for inflation and currency movements, particularly the USD's strength.
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