The price of gold rose to a four-week high, and gold stocks rose one after another
The index of basic inflation in the US cooled down for the first time in six months in April, raising the possibility that the Federal Reserve will cut interest rates as early as September. Gold rose for the third day in a row and was close to the highest level in nearly four weeks after rising 1.2% on Wednesday.
Spot gold rose 0.3% to $2393.91 an ounce, previously hitting the highest level since April 19 at $2394.25.
At the same time, the US dollar fell after the data was released, and US bond yields also fell sharply, which was beneficial to gold.
$TOMEI (7230.BMS)$ Domei Group reached a new record high on Thursday, once rising to RM1.89, until the midday market closed to slightly narrow its gains.
$POHKONG (5080.BMS)$ Baoguang Holdings rose nearly 5% in the intraday period, rising to RM1.10, the highest level since April 22.
Source: Nanyang Siang Pao
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