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...
by Vasu Jit Kalia | August 1, 2024 | Commodities, Markets
As per the reports of The World Gold Council’s Q2 2024 the demand for the gold is at its all-time high since 2000. This surge is fueled by central bank purchases and OTC investments, with central bank gold buying up by 6% and technology sector demand rising by 11%....
by Vasu Jit Kalia | July 24, 2024 | Commodities, Markets
In the recently presented Indian Union Budget 2024 Indian Finance Minister Nirmala Sitharaman had cut customs duty to 6% on Gold and Silver and the duty on platinum was reduced to 6.4 %. Elaborating further on this the Indian Finance Minister Nirmala Sitharaman in her...
by Vasu Jit Kalia | July 19, 2024 | Commodities
The prices of the yellow metal in Dubai jumped to a record high on July 17, 2024 evening, crossing Dh300 per gram. As per the data of The Dubai Jewellery Group 24K was selling for Dh300.50 per gram late in the evening. Whereas 22K, 21K and 18K were selling for...
