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...
by Jibran Munaf | August 16, 2024 | Commodities, Editorials, News
Gold has been used as money for thousands of years. Over the centuries, as the metal took its place as one of the underpinnings of the global financial system, it evolved from simple coins to complex financial instruments traded around the world. Now, even though...
by Jibran Munaf | August 15, 2024 | Commodities, Derivatives, Finance, Markets, News
Gold prices fell 1% on Wednesday after data showed U.S. consumer prices rebounded as expected in July, dampening hopes for a sizeable rate cut from the Federal Reserve next month. Spot gold fell about 1% to $2,440.62 per ounce by 1637 GMT. U.S. gold futures slipped...
by Jennifer George | August 13, 2024 | Commodities, Markets, News
Oil markets flourished on Monday with a 3% price jump, rising for a fifth consecutive session on expectations of a widening Middle East conflict that could tighten global crude oil supplies. Tensions in the Middle East have amplified since the Israeli military said it...
by Jibran Munaf | August 12, 2024 | Commodities, Economy, Markets, News
Gold prices rose on Monday as investors awaited the release of key U.S. inflation data, which could provide additional insight into the U.S. Federal Reserve’s next policy move. In the UAE, gold prices rose AED0.25, with 24-carat gold inching up to AED294.75 while...
by Jibran Munaf | August 6, 2024 | Commodities, News, Trending Now
Oil prices rose sharply in early Asian trade on Tuesday, recovering from the previous session’s losses as escalating Middle East tensions fueled supply fears. This comes despite concerns about a potential U.S. recession that could dampen demand in the...