by Jibran Munaf | October 15, 2024 | Commodities
Gold prices remained flat on Tuesday as investors awaited new signals from the Federal Reserve regarding its upcoming interest rate decisions, which could provide further direction for the precious metal. Key Market Fundamentals: Spot gold was unchanged at $2,648.89...
by Jibran Munaf | October 4, 2024 | Commodities, Energy
Global crude oil prices spiked on Thursday following comments by President Joe Biden, who confirmed that the US is discussing the possibility of Israel targeting Iranian oil facilities. This potential retaliatory move is in response to Iran’s recent ballistic missile...
by Jibran Munaf | September 21, 2024 | Commodities, Market Analysis & Commentary
Gold prices skyrocketed above the $2,600 threshold on Friday, driven by expectations of further U.S. interest rate cuts and escalating geopolitical tensions in the Middle East. This marks the first time gold has crossed the historic $2,600 mark, adding momentum to a...
by Vasu Jit Kalia | September 17, 2024 | Commodities, Market Analysis & Commentary, Markets
Gold prices in the UAE have lost one-and-a-half dirhams per gram at the opening of the markets in Dubai on Tuesday, dropping from an all-time high of AED313.5 per gram at the close of the markets on Monday. According to Dubai Jewellery Group data, the 24K variant was...
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...
