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Gold prices edged down Wednesday in muted, pre-Thanksgiving trade, catching their breath after a solid advance so far this month.
December gold GCZ4, -0.73% finished down 50 cents, or less than 0.1%, at $1,196.60 an ounce, continuing to hold below the key $1,200 level. It’s up 2.1% in the month to date, having dipped just 0.1% so far in this holiday-shortened week. Meanwhile, December silver SIZ4, -2.07% settled unchanged at $16.55 an ounce.
Here are the latest trading levels for Asia's major stock markets:
Tokyo (Nikkei Average) down 0.7%
Hong Kong (Hang Seng Index) down 0.4%
Shanghai (Shanghai Composite Index) up 0.4% (at break)
Sydney (S&P/ASX 200) up 0.1%
Seoul (Kospi) up 0.2%
Mumbai (Sensex) flat
Taipei (Taiex) up 0.6%
Asian stocks were mixed in lacklustre trade Thursday, while oil prices extended their losses ahead of a pivotal OPEC meeting expected to maintain the cartel's production levels despite a huge glut.
Tokyo stocks were down 0.29 per cent by the morning break as the yen gained ground against the dollar in subdued trade ahead of the Thanksgiving holiday, which will see US markets closed Thursday and open for shortened trade on Friday.
Hong Kong gained 0.45 per cent at the opening bell, Sydney edged up 0.2 per cent and Shanghai rose 0.53 per cent. Seoul was up 0.46 per cent.
MALAYSIA share prices opened lower on Tuesday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index down 4.41 points to 1838.20.
Volume was 24.06 million lots worth RM9.19 million.
Losers outnumbered gainers 70 to 63.
MALAYSIAN shares ended higher on Wednesday with the Kuala Lumpur Composite Index adding 3.61 points to close at 1,842.17.
Some 1.73 billion lots, valued at RM1.47 billion were traded. Gainers numbered 321 while losers numbered 452.
