by Jibran Munaf | October 23, 2024 | Commodities
Saudi Arabia’s economic growth is forecast to accelerate significantly in 2025, driven by an anticipated increase in oil production after two years of more modest performance. This comes as OPEC+ prepares to raise output, according to a Reuters poll of...
by Jibran Munaf | October 23, 2024 | Commodities, Energy
Oil prices retreated as traders focused on a potential rise in U.S. crude inventories and the Biden administration’s diplomatic efforts to broker a cease-fire in the Middle East. Brent crude edged closer to $75 per barrel after rallying over 4% in the previous...
by Jibran Munaf | October 22, 2024 | Commodities
Gold prices surged, nearing a record high, driven by heightened demand for safe-haven assets amid escalating geopolitical risks and the upcoming US presidential election. Investors are seeking shelter in gold as global uncertainty grows, with the precious metal...
by Jibran Munaf | October 22, 2024 | Commodities, Energy
Oil prices slipped on Tuesday, reversing some of the previous day’s 2% gains, as the U.S. ramped up efforts to broker a ceasefire in the Middle East. Simultaneously, concerns about sluggish demand from China, the world’s largest oil importer, continued to...
by Jibran Munaf | October 21, 2024 | Commodities
Industrial metals, including copper and zinc, rose following Chinese banks’ decision to lower their benchmark lending rates. The move is part of Beijing’s broader efforts to support the nation’s economy and meet growth targets for the year. The rate cuts, which...
by Alifiya H Ujjainwala | October 17, 2024 | Breaking, Commodities, Economy, Finance
Gold prices in Dubai soared to an all-time high on Thursday, with 22K gold surpassing AED300 per gram for the first time. Ole Hansen, Head of Commodities Strategy at Saxo Bank, recently published an insightful report on the ongoing gold and silver rally. He...
