Commodities

On Monday, May 8, Dubai TV interviewed Mohamed Hashad, Head of Research and Development Dept. at Noor Capital and the member of the American Association of Technical Analysts, to comment on the latest developments in the financial markets and the performance of the most important financial assets at the beginning …

The dollar started this week’s trading under pressure on Monday as traders bet that it may have peaked along with US interest rates as they await the release of inflation and loan data this week. Sterling rose slightly on Monday and hovered around an 11-month high of $1.2652, with particular …

Gold prices rose on Monday as the dollar weakened as investors await key US inflation data due this week that could influence the Federal Reserve’s monetary policy stance. Spot gold rose 0.2 percent at $2,020.80 an ounce by 0634 GMT. And US gold futures rose 0.2 percent to $ 2029.30. …

The Fed delivered as expected on Wednesday by raising interest rates by 25 basis points and signaling a pause. However, renewed banking developments stole the headlines from the Fed and triggered a fresh wave of risk aversion, as well as bets of rate cuts during the second half of the …

The dollar fell slightly against other major currencies on Friday, as problems in the banking sector increased expectations of a US interest rate cut later in the year, while eyes turned to an upcoming monthly US jobs report. The pound rose to the highest level in almost a year, the …

The Russian ruble rose during trading today, to the highest level in more than a month, to continue its gains for the fifth consecutive session, as oil prices stabilized after the recent decline, which somewhat reduced the impact of the decrease in the supply of foreign currencies in Russia. The …

Gold fell on Friday from near record highs as investors await more economic indicators, but it is still on track to post its best week in nearly two months as hopes of halting interest rate hikes in the United States and banking problems increased demand for a safe haven. And …

Oil prices rose in Asian trading on Friday, but were on track for a third consecutive weekly loss, after the markets witnessed sharp declines amid fears of a weak US economy and slowing Chinese demand. And by 0545 GMT, Brent crude rose 60 cents, or 0.8 percent, to $ 73.10 …

Gold prices stabilized on Friday, but were heading towards recording the largest weekly increase in nearly two months, as hopes of stopping the Federal Reserve raising interest rates and concerns of the banking sector boosted the appetite for the precious metal, which is considered a safe-haven asset. And by 0039 …

The Gold Index hits new highs as Fed signals QT pause, though profit-taking weighed on the precious metal’s price which is trading around $2050.00 at the time of writing.The labour market eases as US Initial Jobless Claims rise to 242K, but Continuing Claims fall to 1.81 M. Gold could dip …