Gold Futures Likely To See Cautious Trading Next Week
Investors are likely to stay on the sidelines ahead of the release of the United States Federal Open Market Committee (FOMC) meeting minutes on Aug 20, amid ongoing weakness in the greenback.
On a weekly basis, the spot-month August 2025 contract decreased to US$3,344.10 per troy ounce on Friday from US$3,415.80 a week earlier, the September 2025 contract improved to US$3,349.50 per troy ounce from US$3,421.50 previously, while October 2025 weakened to US$3,378.90 per troy ounce from US$3,451.50, and November 2025 slipped to US$3,395.70 per troy ounce from US$3,468.90.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Sun
2 hours ago
- The Sun
Warning against buying aged military assets
PETALING JAYA: His Majesty the King of Malaysia Sultan Ibrahim has issued a stern warning to the Defence Ministry not to repeat past mistakes in procuring used military assets that may compromise the safety of military personnel. Speaking at the 60th Anniversary Parade of Rejimen Gerak Khas at Kem Iskandar in Mersing yesterday, Sultan Ibrahim cited the country's purchase of second-hand A-4 Skyhawk jets from the United States in the 1980s, which were eventually retired due to a high accident rate. 'Don't make the same mistake. Are we going to put our pilots in 'flying coffins'? Think for yourselves.' The King urged Defence Minister Datuk Seri Mohamed Khaled Nordin to cancel a proposed procurement of more than 30-year-old Black Hawk helicopters, warning that decisions based on the influence of agents or vested interests could endanger lives and waste public funds. 'I believe this keeps happening because the ministry is full of agents or ex-generals turned salesmen, even textile traders trying to sell drones.' The Royal Malaysian Air Force had acquired 80 units of the A-4 Skyhawk, developed by McDonnell-Douglas (now Boeing), from the United States in 1982 at US$1 million each. His Majesty emphasised the need for transparency and cost-efficiency in all defence acquisitions, while calling out past purchases made at inflated prices. He cited the example of a rigid raiding craft bought for RM5 million, saying a better vessel could have been sourced for under RM2 million. 'Do not waste money on items that don't meet military needs. If you don't know the market price, ask me.' The King also criticised the delay in completing Rejimen Gerak Khas' combat diving pool and urged the government to prioritise operational readiness with appropriate and timely equipment upgrades.
Barnama
8 hours ago
- Barnama
Pahang Introduces Malaysia's First Prebiotic Rice
TEMERLOH, Aug 16 (Bernama) -- Pahang has become the first state in Malaysia to produce prebiotic rice, marketed under the brand name Beras Pahang. Menteri Besar Datuk Seri Wan Rosdy Wan Ismail said the rice differs from other local varieties as it offers multiple benefits. 'Beras Pahang has its uniqueness. It is a prebiotic rice, low in sugar, and suitable for those with diabetes. 'It has already entered the market in limited quantities. For now, we are prioritising sales in Pahang before distribution in other states,' he told reporters after opening the Pahang Mini MAHA 2025 at Dataran Temerloh here today. Cultivated in the Ganchong paddy fields in Pekan, the rice is said to be tastier, more fragrant and softer, while its prebiotic content supports digestion and overall bowel health. At the event, Beras Pahang was offered at RM8 per kilogramme. Commenting on the inaugural Pahang Mini MAHA 2025, Wan Rosdy said it will be held at different locations each year following an overwhelming response, with over 80,000 visitors recorded today. Meanwhile, citing the Malaysian Agriculture Census interim report released by the Department of Statistics Malaysia, he said Pahang has proven its capability as the country's second-largest contributor to the agriculture sector, after Johor, with sales worth RM25.12 billion. Of that amount, he said 88 per cent came from the crop subsector, proving Pahang's fertile land and the hardworking spirit of its people.
Barnama
9 hours ago
- Barnama
4,000 Join CIMB ASEAN Cultural Night Run 2025 On Penang Second Bridge
GEORGE TOWN, Aug 16 (Bernama) -- With nearly 4,000 participants, the CIMB ASEAN Cultural Night Run 2025 (CIMB ACNR 2025) stood as a symbol of unity, healthy living and the celebration of ASEAN culture, says Works Minister Datuk Seri Alexander Nanta Linggi. He said the run, which marked its fourth edition, took place in a lively atmosphere on the Penang Second Bridge tonight, in conjunction with Malaysia's ASEAN chairmanship. 'The prestigious event was organised by the Malaysian Highway Authority (LLM) and Koperasi LLM Berhad, with the involvement of the Works Ministry (KKR) in supporting the ASEAN chairmanship agenda, with CIMB Bank as the main sponsor.
