by Jibran Munaf | September 14, 2024 | Commodities, Currencies, Finance, Markets
The U.S. dollar dropped to its lowest point of the year against the yen, and gold surged to a record high on Friday as shifting expectations for a significant Federal Reserve interest rate cut drove market movements. Investors are now weighing the likelihood of a...
by Jibran Munaf | September 2, 2024 | Commodities, Market Analysis & Commentary
Gold prices in the UAE are expected to rise further in the coming months, building on a nearly 21% gain this year. Analysts predict that the price of gold could reach $3,000 per ounce in the medium term due to several global economic factors. The surge in gold prices...
by Jibran Munaf | August 31, 2024 | Commodities, Derivatives, Energy
OPEC+ is expected to move forward with its planned increase in oil production starting in October, according to six sources within the group. This decision comes despite concerns about weakening global demand, particularly from China, and aims to balance the market...
by Jibran Munaf | August 26, 2024 | Commodities, Derivatives, Market Analysis & Commentary, Markets
Investors react to geopolitical uncertainties and hints of potential U.S. rate cuts. Asia-Pacific markets were mixed on Monday as tensions in the Middle East escalated, with Israel and Hezbollah exchanging strikes. At the same time, investors were digesting dovish...
by Jibran Munaf | August 25, 2024 | Commodities, News
Weaker U.S. jobs data and renewed ceasefire talks in Gaza weigh on oil market, despite a slight uptick in prices. Oil prices edged higher on Friday, but the market is on track to close the week with losses as concerns over U.S. demand and easing supply fears...
by Vasu Jit Kalia | August 19, 2024 | Commodities, Markets
The prices of Gold on Monday slipped Dh1 per gram after hitting an all-time high over the weekend, surpassing Dh300 per gram. In the UAE, the 24K variant of the yellow metal was trading at Dh302.75 per gram on Monday morning, down Dh1 from last week’s close. The Gold...