New investment adds to the S$11.5 billion the company has poured into the Asia Pacific Region until 2023
Gold prices were affected (positively) last night by the manufacturing numbers, prompting some investors to book profits this morning, said Phillip Futures analyst Benjamin Lu.
But considering the risks to the global economy, gold is still a strong safe-haven asset, he added.
US manufacturing activity tumbled to a more than 10-year low in September as lingering trade tensions weighed on exports, fanning fears of a sharp economic slowdown and raising expectations of further interest rate cuts.
The data also prompted US President Donald Trump to lash out at the Federal Reserve, saying the central bank has kept interest rates "too high" and that a strong dollar is hurting US factories.
The weak readings knocked the dollar index off a more than two-year peak, with the greenback little changed on Wednesday.
"Gold might slide down to $1,455 levels in the short term as the market has nothing to reprice, until and unless the Fed cuts interest rates," Lu added.
Lower interest rates reduce the opportunity cost of holding non-yielding bullion and also weigh on U.S. yields and the dollar, in which gold is priced.
"Amid mixed signals coming out of the lingering trade dispute between the US and China, volatility is likely to remain high in the precious metal," said Sugandha Sachdeva, vice-president, metals, energy and currency research at Religare Broking Ltd.
On the technical front, spot gold may consolidate in a narrow range of $1,462-$1,488 per ounce, or bounce towards $1,514, as its short downtrend from the Sept. 4 high of $1,557 could have temporarily ended, according to Reuters analyst Wang Tao.
Among other precious metals, Silver fell 0.1 per crent to $17.21 per ounce, platinum was down 0.4 per cent at $872.54 per ounce and palladium edged down 0.5 per cent to $1,643.94 per ounce
New investment adds to the S$11.5 billion the company has poured into the Asia Pacific Region until 2023
Safety experts have said the problems at the company suggest significant safety culture defects that will not be turned around quickly
'Aquarabia' will offer extreme watersports zone dedicated to rafting, kayaking, canyoneering, free solo climbing and cliff jumping and more
From street food vendors to mid-market restaurants, people have a wide range of options
Temperature will reach up to 41ºC and 39ºC in Abu Dhabi and Dubai, respectively
Even Ramadan was a 'very healthy' month across the country and Dubai in particular, reveal experts
Free for users, Palm Pay will be rolled out gradually throughout 2024
The animal-assisted intervention has proven to enhance mood, reduce agitation, increase social interaction, and provide a calming effect