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When it comes to the best and worst property markets in Asia, Singapore has it covered.
Office rents in the city’s central business district jumped 14 percent last year, the biggest increase in the region, while luxury home prices slumped 6 percent, the most in Asia, according to Jones Lang LaSalle, a property brokerage and consulting company.
A shocking move Thursday from the Swiss National Bank sent the gold price today soaring to $1,264.80 – a four-month high.
Switzerland's central bank surprised gold markets when it scrapped a three-year-old cap on the franc. The safe haven currency, along with safe haven gold, surged on the news.
Spot gold was up $33.60, or 2.76%, to 1,264.60 an ounce just before noon. It closed up $30.30, or 2.5%. That was the yellow metal's highest price since Sept. 8.
The Swiss franc also enjoyed a robust rally.
