She only managed to get 6kg of gold necklaces and bracelets during her visit, spending an estimated S$756K. Malaysian influencer and entrepreneur Anes Ayunie Osman has sparked backlash after a video of her wheeling a suitcase filled with cash to purchase 15kg of gold jewellery went viral. Her video, which documents her trip to the goldsmith, was posted four days...
Gold prices climbed to their highest level in nearly 11 weeks on Tuesday as the U.S. dollar slumped following President Donald Trump's inauguration and investors sought the safe-haven metal to hedge against uncertainty sparked by his tariff plans. Spot gold climbed 0.7% to $2,725.70 per ounce by 0804 GMT and hit its highest since Nov. 6,...
KUALA TERENGGANU: Police have detained a man to assist in investigations into the theft of jewellery worth about RM237,000 belonging to a medical lecturer at a higher learning institution in the state. Kuala Terengganu district police chief ACP Azli Mohd Noor said police believe they solved the case with the arrest of the 31-year-old suspect in...
Founder and CEO of ARK Investment Management, Cathie Wood believes Bitcoin is ‘bigger’ than gold, predicting BTC’s $2 trillion market cap could one day surpass gold’s $15 trillion over time. In a recent post on Dec. 5, Cathie Wood reacted to the Federal Reserve Chair Jerome Powell’s comments on Bitcoin btc7.7%Bitcoin, describing the cryptocurrency with the largest market cap as a...
MicroStrategy’s aggressive Bitcoin acquisition strategy continues to draw sharp criticism from gold advocate Peter Schiff. In an X post on Monday, Schiff pointed out that MicroStrategy has already spent $11.5 billion of its $42 billion Bitcoin btc-0.43%Bitcoin investment plan in just over a month. He questioned the sustainability of this pace, highlighting that Bitcoin prices remain below the highly anticipated...
Gold rose on Thursday to hover below record levels, underpinned by uncertainty surrounding the U.S. election and expectations of more rate cuts by major central banks, while investors looked forward to a slew of U.S. data for further direction. Spot gold rose 0.2% to $2,679.12 per ounce by 0458 GMT. Prices had climbed to a session...
AMPANG: Four foreigners, including a woman, were detained in connection with stealing almost RM400,000 cash following a bogus gold purchase transaction. Selangor police chief Comm Datuk Hussein Omar Khan said the 45-year-old victim, who is an engineer, was driven to Jalan Sulaiman 1 in Ampang by a man on the pretext of concluding a transaction to...
RECENTLY, a viral video showed a man running away with a handful of gold from a jewellery store. The video began with a man walking into the jewellery store and showing interest in buying some gold. When presented with the jewellery he requested, and while the shopkeeper was calculating the price of the gold, he grabbed...
HANOI: The State Bank of Vietnam (SBV) announced the result of Wednesday's (May 8) gold auction, with three winning bidders securing 34 lots. The only winning bid price is VNĐ86.05 million (US$3,383 per tael), which is VNĐ750,000 per tael higher than the reference price. As a result, a total of 3,400 taels of SJC-branded gold bars have...
Bitcoin’s fourth halving event has drawn significant attention to its comparison with gold regarding scarcity, as highlighted by Glassnode analysts. According to Glassnode, this event marked a historic moment where Bitcoin’s (BTC) issuance rate fell below that of gold for the first time, emphasizing a pivotal shift in the narrative surrounding the two assets. As reported, the halving...
