Gold falls below $4,000 after oil prices jump
Gold dropped about 3% on Monday, July 13, falling below $4,000 an ounce as oil prices surged and expectations for higher U.S. interest rates strengthened....
Tag : Federal Reserve
Dollar heads for weekly gain as yen nears 160 level
The dollar headed for a weekly gain on Friday as the yen hovered near the key 160 per dollar level, keeping currency markets focused on...
CBUAE leaves base rate unchanged at 3.65%
ABU DHABI: The Central Bank of the UAE kept the Base Rate applicable to the Overnight Deposit Facility unchanged at 3.65% on April 29, leaving the country’s main...
Gold steadies as markets watch US-Iran talks
ISLAMABAD: Gold prices held steady on Thursday as investors weighed a fragile U.S.-Iran ceasefire, preparations for talks in Islamabad and a fresh round of U.S. inflation data that...
Gold and silver selloff ripples into stocks and commodities
MENA Newswire, NEW YORK: Gold and silver prices tumbled in a sharp, disorderly selloff that erased an estimated $7 trillion in notional value across precious metals, after a...
Global markets face disruption amid $17.3 trillion oil shock warning
CryptoWire, LONDON: Global financial markets are navigating renewed turbulence after warnings of a potential $17.3 trillion oil price shock that could reverberate across energy, currency, and digital...
Federal Reserve may intervene as bond yields surge
Financial markets experienced heightened turbulence on Wednesday as the latest round of tariffs from U.S. President Donald Trump officially took effect. The move, which has...
U.S. jobless claims rise to 242,000, highest level in three months
The number of Americans filing for unemployment benefits rose to 242,000 for the week ending February 22, marking a three-month high, according to the U.S....
Bitcoin gains momentum as investors bet on 2025 Fed rate cuts
Bitcoin (BTC) has surged past $96,000, edging closer to the psychologically significant $100,000 threshold following dovish comments from Atlanta Federal Reserve Bank President Raphael Bostic....
Gold extends rally past $2,950 as investors seek safe-haven assets
Gold prices have surged past $2,950 per ounce, setting fresh all-time highs as investors turn to safe-haven assets amid heightened economic and geopolitical risks. The...