by Jibran Munaf | October 31, 2024 | Commodities
Gold prices in Dubai soared to new record highs on Thursday, coinciding with the Indian festival of Diwali, as demand for the precious metal surged. At the opening of markets, 22K gold climbed above AED312 per gram, highlighting the metal’s continued upward trend....
by Jibran Munaf | October 31, 2024 | Commodities, Energy
Oil prices rose for the second consecutive session on Thursday as U.S. crude inventories posted a decline, and traders kept a close eye on geopolitical tensions in the Middle East. Brent crude neared $73 per barrel after a 2% gain on Wednesday, while West Texas...
by Jibran Munaf | October 31, 2024 | Currencies, Markets
Asian equities fell on Thursday following a turbulent session for U.S. stocks and bonds, as solid economic data in the United States complicated expectations of an upcoming rate cut from the Federal Reserve. Meanwhile, the Japanese yen strengthened after the Bank of...
by Jennifer George | October 28, 2024 | Banking, Investment Banking, Markets, News, Stocks & Bonds
J.P. Morgan’s 2025 Long-Term Capital Market Assumptions delivers timely insights on recent market complexities. The 29th edition of the historic report reveals the dawn of a “new economic era” that is set to deliver higher growth, strong capital investment...
by Jennifer George | October 28, 2024 | Commodities, Markets, News
On Monday, oil prices shrugged more than 4% as a result of Israeli strikes on Iran during the weekend. Futures for global crude benchmark Brent slid 4.34% to $72.75 a barrel, while U.S. West Texas Intermediate futures dropped 4.54% to $68.52 per barrel. Israel...
by Jibran Munaf | October 25, 2024 | Stocks & Bonds
UBS is advising investors in the Gulf Cooperation Council (GCC) to invest in high-grade bonds and diversify their portfolios internationally to safeguard their wealth against regional geopolitical risks. Michael Bollinger, UBS’s Chief Investment Officer for Global...
