by Jibran Munaf | November 19, 2024 | Markets
Asian stocks edged higher on Tuesday as U.S. bond yields declined and the dollar retreated from recent highs, signaling cautious optimism among investors. Markets are closely monitoring President-elect Donald Trump’s cabinet announcements and the evolving...
by Jibran Munaf | November 19, 2024 | Commodities
Dubai Multi Commodities Centre (DMCC) has unveiled a special edition of its Future of Trade report, spotlighting transformative trends in the global gold market and predicting the emergence of an “Asian Century” for the precious metals industry. This...
by Beshr Olaiwi | November 18, 2024 | Markets, News
The United Arab Emirates’ stock market has achieved a historic milestone, surpassing $1 trillion in total value for the first time. This achievement reflects the impact of a surge in local listings and the growing influence of firms tied to Sheikh Tahnoon Bin Zayed Al...
by Jibran Munaf | November 16, 2024 | Markets, Stocks & Bonds
US stocks declined sharply on Friday, capping off a week of significant losses as Federal Reserve Chair Jerome Powell hinted at a more cautious approach to future interest-rate cuts. The S&P 500 (^GSPC) fell 1.3%, the Dow Jones Industrial Average (^DJI) slipped...
by Jibran Munaf | November 15, 2024 | Stocks & Bonds
Global stock markets faced pressure on Friday following comments from U.S. Federal Reserve Chair Jerome Powell, signaling a slower pace of interest rate cuts. European and Asian markets, which had already been weak after Wall Street’s losses, struggled further, as...
by Jibran Munaf | November 15, 2024 | Commodities
Gold prices remained flat on Friday near their lowest levels in two months, as a strengthening U.S. dollar and reduced expectations for aggressive Federal Reserve rate cuts pressured the metal. Spot gold stood at $2,566.09 per ounce at 0943 GMT, while U.S. gold...
