Plong Samnang News Today

The Phnom Penh Appeal Court yesterday heard the case of a farmer who was sentenced by the Kampong Chhnang provincial court last year to life in prison for killing his pregnant wife and their four children after a domestic dispute, incinerating the corpses, and attempting to conceal evidence.

The price of gold last week neared its highest price in history – the $2,070.88 per ounce recorded in August 2020, which occurred during the global economic havoc wreaked by the Covid-19 outbreak.

PHNOM PENH (The Phnom Penh Post/Asia News Network): Since the beginning of January, eleven people were injured and one killed by land mines and unexploded ordnance (UXO).

Since the beginning of January, eleven people were injured and one killed by land mines and unexploded ordnance (UXO). According to a March 27 report from the Cambodian Mine Action Authority (CMAA), this represents a 56 per cent reduction on the same period in 2022, when 27 people became the victims of explosive remnants of war.

Important US employment data scheduled for release this week is forecast to be lower than previous months, suggesting gold could briefly rise from its current bearish trend.

Gold fell 2.5 per cent on Friday, and more than three per cent from last week, after stronger-than-expected US employment figures for January boosted the dollar.

Gold prices have been in an uptrend for three consecutive months since November, recovering from a seven-month-in-a-row drop.

While the price of crude oil has risen due to current increased demand in China and US production concerns, the monthly technical trend is firmly heading lower.

The price of gold has seen a series of declines since August, from around $1,808 to $1,688 per ounce, mostly influenced by the US dollar receiving support from Federal Reserve interest rate hikes.

CEO Chea Sothea explains how Golden FX Link Capital (G-Link) – a licensed brokerage company recognised by the Securities and Exchange Regulator of Cambodia (SERC) – is rolling out exciting training programmes to guide potential investors and create awareness about the sector.