Spot gold prices jumped more than 1% on Wednesday (13th) after the U.S. Federal Reserve (Fed) signaled that the interest rate hike cycle was over and that it might cut interest rates next year. U.S. stocks rose sharply in response, and U.S. bond yields and the U.S. dollar both weakened. goldThe spot price rose 1.3% … Read more
Written by Islam Saeed Wednesday, December 13, 2023 02:00 AM The World Gold Council published a report on the performance of gold for the year 2024. The report indicated that gold may move within a range, but it will witness clear fluctuations due to the overlapping factors affecting it during the coming year, whether the … Read more
Live: European stock indices declined at the end of Tuesday’s trading session, despite the rise in financial market confidence in the Eurozone economies, with attention turning to the Federal Reserve’s monetary policy meeting. At the end of trading, the European Stoxx 600 index fell by 0.2% to 472.7 points, with losses in the energy, mining, … Read more
gold futuresOn Friday (8th), it fell towards US$2,000 per ounce as the US non-farm payrolls report in November was better than market expectations, causing traders to reduce their bets that the US Federal Reserve (Fed) will cut interest rates before March next year. The US dollar and US Treasuries Rising yields have weighed on precious … Read more
Noha Makram-Live- US jobs rose faster than expected in November and unemployment fell despite signs of a weakening economy. US non-farm payrolls rose to a seasonally adjusted 199,000 during the month, which is slightly higher than the Dow Jones estimate of 190,000, and higher than the unadjusted October data of 150,000, according to the Labor … Read more
Welcome to another market overview for the S&P 500, Bitcoin and other cryptocurrencies. Last but not least, we will also look at the development of precious metals, which in recent weeks reflect the considerable interest of central banks in purchasing commodities as an opportunity to cut off state reserves and currency from the US dollar. … Read more
According to CCTV News on December 8,On December 7, local time, Republicans in the U.S. House of Representatives issued a resolution planning to hold a comprehensive vote in the House of Representatives next week to formally launch an impeachment investigation against President Biden. Former U.S. House Speaker and Republican McCarthy told the media on September … Read more
gold futuresIt fell slightly on Thursday (7th) as traders remained cautious ahead of the release of the non-farm payrolls report, but still hoped to see a weakening labor market to support bets that the Federal Reserve (Fed) would cut interest rates as soon as March next year. New York for February deliverygold futuresIt fell 0.1% … Read more
On December 7, the Ministry of Commerce held a regular press conference. At the meeting, a reporter asked: According to reports, U.S. Commerce Secretary Gina Raimondo recently stated at the annual defense forum that China poses a major threat to U.S. national security and called for measures to limit China’s access tosemiconductorand cutting-edge technology. What … Read more
Abu Dhabi – Mubasher: Fitch, in its report entitled “Middle East Banks Outlook 2024,” gave UAE banks a stable future outlook. The agency expected that favorable business and operating conditions for UAE banks would continue in 2024, and real GDP growth would accelerate moderately to 3.9 percent in 2024 (2023: 2.3%); According to the report. … Read more