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...
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...
