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Mohamed Abdelhamid

White House Unveils ‘New’ AI and Energy Deals with Gulf States

The Trump administration unveiled a series of high-profile deals spanning the AI and energy sectors with the United Arab Emirates (UAE) on Thursday, May 15, 2025, at 11:03 PM +04, sparking optimism about economic collaboration. However, despite the enthusiastic tone from administration sources, many of these agreements appear to be …

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Can Gold Hold Above $3,200 as Weak PPI Data Fuels Rate Cut Hopes?

Gold prices rebounded above the $3,200 mark on Thursday, gaining 1.22% to trade at $3,217 during the North American session, as weaker-than-expected US economic data revived speculation of Federal Reserve rate cuts. The Producer Price Index (PPI) for April unexpectedly dropped by 0.5% month-over-month, missing forecasts of a 0.2% rise, …

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Market Drivers – US Session: Can the Dollar Hold Its Ground as Markets Await Key Data, Fed Signals?

The US Dollar (USD) staged a recovery on Wednesday, May 14, 2025, at 11:36 PM +04, climbing past the 101.00 mark on the Dollar Index (DXY) as investors dialed back on riskier assets, bolstered by optimism surrounding US trade policies. This uptick occurred despite renewed market expectations for Federal Reserve …

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