by Jibran Munaf | July 17, 2024 | Commodities, Derivatives, News
Oil prices eased on Wednesday, with global benchmark Brent hovering near a one-month low hit in the prior session on signs of weakening demand in China. However, losses were capped by declining U.S. oil stockpiles. Brent crude oil futures fell 15 cents, or 0.2%, to...
by Vasu Jit Kalia | July 16, 2024 | Commodities
The value of gold reserves of the Central Bank of the UAE (CBUAE) reached AED20.36 billion by the end of April 2024, marking a year-on-year (YoY) growth of around 12 percent from AED18.147 billion in April 2023. The apex bank, in its latest figures released today,...
by Jibran Munaf | July 16, 2024 | Commodities, News
Oil prices slipped on Tuesday on worries about a slowing Chinese economy crimping demand, though a growing consensus that the U.S. Federal Reserve will begin cutting its key interest rate as soon as September limited declines. Brent futures fell 57 cents, or 0.67%, to...
by Vasu Jit Kalia | July 16, 2024 | Stocks & Bonds
New Delhi, July 16 (IANS) As the Indian economy remains resilient on its way to become the world’s third-largest one sooner than expected, Singapore’s sovereign wealth fund Temasek is aiming to invest an additional over Rs 83,000 crore (about $10 billion) in the...
by Jibran Munaf | July 15, 2024 | Commodities, News
Markets are currently pricing in a 93 percent chance of an interest rate cut in September, according to the CME Fedwatch Tool. Gold prices rose on Monday despite the dollar index rising as investors awaited comments from Federal Reserve officials and additional...
by Jibran Munaf | July 15, 2024 | Markets, News, Trending Now
Saturday’s shooting at former U.S. President Donald Trump’s election rally raises his odds of winning back the White House and betting on his victory will increase, investors said. Trump was shot in the ear during a rally in Pennsylvania in what...
