Gold has long been regarded as one of the most reliable safe‑haven assets, a store of value that tends to shine brightest during periods of uncertainty. Yet even the most resilient assets experience turbulence, and the past several days have delivered a sharp reminder of that reality. After climbing to record highs earlier this month, gold prices have retreated noticeably across global markets. The speed and magnitude of the pullback have surprised many investors, particularly those who entered the market during the recent rally and expected momentum to continue. In Singapore, retail gold prices have softened in tandem with global movements. Local dealers have reported declines in both 999.9 fine gold and gold jewellery prices, with spot retail prices easing from recent highs of above S$120 per gram to lower ranges as the correction unfolded. The Singapore market, which typically mirrors international spot prices due to its open and globally... Gold has long been regarded as one of the most reliable safe‑haven assets, a store of value that tends to shine brightest during periods of uncertainty. Yet even the most resilient assets experience turbulence, and the past several days have delivered a sharp reminder of that reality. After climbing to record highs earlier this month, gold prices have retreated noticeably across global markets. The speed and magnitude of the pullback have surprised many investors, particularly those who entered the market during the recent rally and expected momentum to continue. In Singapore, retail gold prices have softened in tandem with global movements. Local dealers have reported declines in both 999.9 fine gold and gold jewellery prices, with spot retail prices easing from recent highs of above S$120 per gram to lower ranges as the correction unfolded. The Singapore market, which typically mirrors international spot prices due to its open and globally...
