‘Buy oil, not gold’ … Oil is a better bet for investors than gold, a leading fund manager has said. The gold price peaked at about $1,900 in August last year, but is currently at about $1,625…Trevor Greetham, portfolio manager of Fidelity’s multi-asset funds, said gold did better when the dollar was weak and global [...]

Gold was at a 2-wk high just below 1700 in the US Tuesday. Comments from the US Fed Chairman Ben Bernanke’s that easing monetary bias would continue revived hopes of QE-3 and sent Gold higher on Monday. If the upward momentum in the precious Yellow metal is to be maintained depends on the follow-through other actions by the Fed [...]

When Neng Azhanie Adzman, 27, got married in March two years ago, the first gift she received from her mother-in-law was a gold bracelet. “Most Malay girls will have gold jewellery, that’s the norm. Also, my husband’s family from Kelantan really believes in investing in gold. “The problem, though, is that I’m not really comfortable [...]