Gold Market Update

Gold futures slipped in thinly-traded holiday action on Tuesday as solid U.S. growth data pushed the greenback higher and made dollar-denominated commodities more expensive for foreign buyers.

Gold for February delivery GCG5, -0.01%  declined $1.80, or 0.2%, to settle at $1,178.00 an ounce on the Comex division of the New York Mercantile Exchange. For the week, gold is down $18 an ounce, or 1.5%.

Asian Market Update

Asian markets rose on Wednesday, supported by record gains in US share markets after stellar growth figures from the world's top economy.

Tokyo opened 1.17 per cent higher, Hong Kong added 0.15 per cent, Seoul gained 0.38 and Sydney rose 0.22 per cent in morning trade.

Shanghai rebounded slightly after a three per cent drop the previous day, edging up 0.22 per cent.

Trade was thin ahead of the Christmas holiday, with half days in Hong Kong and Australia's financial markets.

SGX Singapore Opening Market Update

SINGAPORE share prices opened flat on Wednesday with the Straits Times Index up 0.5 points to 3,333.01.

Volume was 23.4 million shares worth S$99.6 million.

Gainers outnumbered losers 67 to 29.