Gold

NEWS DESK

Investors cash in: Gold and silver see year-end profit-taking

News Desk 1 17/12/2024 0

Gold and silver investors increasingly turn defensive ahead of year-end as they seek to protect and lock in gains following a very strong year. This year has seen gold’s record-breaking rally deliver the best annual return since 2010, while silver has managed to keep up with gold, reaching a

NEWS DESK

Fed’s Rate Policy Shapes Gold’s Investment Appeal – Noor Capital

News Desk 1 17/12/2024 0

Weekly Recap: Central banks on the move Last Monday, the Nasdaq index temporarily surpassed the 20,000-point mark, setting a new record. Strong economic growth, increasing corporate profits, moderate inflation, and the beginning of central banks easing their monetary policies have all contributed to the stock market’s successful performance this year. However, some

NEWS DESK

Global Markets End on a Cautious Note: UAE Indices Diverge and Gold Faces Profit-Taking – APM Capital Market Report

News Desk 1 16/12/2024 0

Friday’s closing bell brought a patchwork of results across the world’s major stock indices, as economic crosswinds and investor sentiment tugged prices in multiple directions. While some markets found enough support to edge upward, others experienced modest declines or steeper sell-offs, closing out the week on a cautious note. GCC market Dubai and Abu Dhabi

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AHS Properties: The Gold Standard in Dubai’s Luxury Real Estate

News Desk 1 10/12/2024 0

AHS Properties, a distinguished luxury real estate developer based in Dubai, UAE, has earned recognition as one of the Best Luxury Real Estate Developers in Dubai and for Best Luxury Apartment Living for Casa Canal at the reputable Luxury Lifestyle Awards. This remarkable achievement spotlights AHS Properties’ dedication to excellence and its innovative approach

NEWS DESK

Gold Steady Despite China’s Gold Reserves Boost and Escalating Middle East Tensions – Century Financial 

News Desk 1 09/12/2024 0

The ADX General is declining slightly to 9,262.09 in Abu Dhabi in early trading. Aldar Properties PJSC contributed the most to the index decline, decreasing 0.7%. Umm Al Qaiwain General Investment Co. had the largest drop, falling 9.7%.The DFM General Index opened 0.2% higher, climbing 8.4 to 4,862.85, as stocks gain for the second straight […]

NEWS DESK

Dubai Business Group for Gold and Jewelry Designers Launches its First International Jewelry Design Award 2024

News Desk 1 22/11/2024 0

This November, the Dubai Business Group for Gold and Jewelry Designers proudly announced two major initiatives that celebrated Dubai’s rich heritage of jewelry craftsmanship and innovation: The first International Jewelry Design Award 2024 and The Dubai Jewel Narratives members’ exhibit. The Dubai Business Group for Gold and Jewelry Designers collaborated with Azza

NEWS DESK

Gold Soars Amidst Geopolitical Tensions and Dollar Weakness

News Desk 1 20/11/2024 0

Gold prices surged on Monday, reversing a recent downward trend as the U.S. dollar weakened and concerns over the Russia-Ukraine conflict intensified. The precious metal, often seen as a safe-haven asset during times of economic and geopolitical uncertainty, benefited from increased investor demand. Geopolitical Tensions Fuel Safe-Haven DemandThe escalation of the

NEWS DESK

Gulf markets rise as investors look past fed concerns; Saudi extends gains, gold hits one-week high amid geopolitical tensions – APM Capital Market Report

News Desk 1 20/11/2024 0

GCC market Stock markets in the Gulf ended higher on Tuesday as investors brushed aside worries about the U.S Federal Reserve interest rate trajectory and volatile oil prices, although the Qatar index fell with a tepid performance across most sectors. Dubai’s benchmark stock index gained 0.4% after a loss the previous session, with most sectors […]

NEWS DESK

Gold and oil prices fall while bitcoin pulled back from near record high

News Desk 1 19/11/2024 0

Markets’ Weekly Recap: Stronger US dollar dominates performance of key assets Easing labour market conditions are expected to encourage the Fed to deliver a third interest rate cut next month, even as progress in lowering inflation has stalled. Markets now see a 76% probability of a 25-basis-point rate cut by the Fed in December. Gold […]

NEWS DESK

Gulf Markets Dip on Fed Rate Worries; Qatar and Saudi Gain as Oil Rises, Gold Surges Amid Geopolitical Uncertainty – APM Capital Market Report

News Desk 1 19/11/2024 0

GCC market Most stock markets in the Gulf ended lower on Monday, hurt by concerns that the U.S. Federal Reserve would slow its pace of interest-rate cuts, while the Qatar and Saudi indices rose amid higher oil prices. Dubai’s benchmark stock index slipped 0.6%, weighed down by losses in utilities, consumer staples and industry sectors. […]

Automotive Shopping

Wow the neighbours with a 24K gold-plated Tesla Cybertruck from spending AED500

Arnold Pinto 15/11/2024 0

At Dubai’s Gold Souk Extension Dubai – the City of Gold – is at it again! Dubai’s Gold Souk Extension now allows eligible shoppers to win a unique 24K gold-plated Tesla Cybertruck, which is now on public display and fast becoming a photo opportunity for curious onlookers! Shoppers who spend AED500 or more at select […]

NEWS DESK

Gold shines, surging 1.7% after fed rate cut – Noor Capital

News Desk 1 08/11/2024 0

Gold Shines, Surging 1.7% After Fed Rate Cut Gold prices surged over 1.7% after the Federal Reserve delivered a widely anticipated 25 basis point interest rate cut. While the market had largely priced in this move, the Fed’s acknowledgment of economic uncertainty and balanced risks bolstered gold’s safe-haven appeal. Gold is trading at 2,704 at […]

NEWS DESK

Gold Surges; Bitcoin Gains Momentum – Century Financial 

News Desk 1 18/10/2024 0

Gold surged above $2,700 an ounce for the first time as investors flocked to safety amidst rising geopolitical tensions and a tight U.S. presidential election race. Israel declared it killed Hamas leader and vowed to continue fighting until all hostages seized by Hamas were released. Additionally, traditional election polls in the U.S. are painting a […]

NEWS DESK

Gold Prices Climb as Investors Brace for Election 

News Desk 1 17/10/2024 0

The ADX General is advancing slightly to 9,312.08 in Abu Dhabi. International Holding Co. PJSC contributed the most to the index gain, increasing 0.4%. Bank of Sharjah had the largest increase, rising 2.9%.The DFM General Index is falling 0.4% at 4,467.84 in Dubai. Emirates NBD Bank PJSC contributed the most to the index decline, decreasing […]

NEWS DESK

How high can gold and silver rally? – Saxo Bank MENA

News Desk 1 16/10/2024 0

Gold’s record-breaking rally continues, and following another shallow mid-month correction that saw buyers return ahead of USD 2,600, spot bullion has returned to trade just below the USD 2,685 record reached last month. The precious metal market has witnessed an unprecedented strong uptrend this past year, with gold and silver both trading up close to […]

NEWS DESK

Bitcoin and Gold Both Poised for Growth – Century Financial

News Desk 1 16/10/2024 0

Bitcoin (BTC), the world’s largest cryptocurrency by market value, surged over 3% to reach $67,200 on Wednesday, its highest level since July, driven by investor enthusiasm and political developments in the US. Market optimism was fueled by strong participation in Trump-backed WLFI tokens and anticipation of crypto-friendly regulations as the US presidential elections

NEWS DESK

Gold Faces Sixth Consecutive Decline Amidst Strengthening Dollar – Century Financial

News Desk 2 09/10/2024 0

Gold is trading lower for the sixth straight session on Wednesday. The greenback has rallied in recent days amidst expectations of a more moderate pace of policy easing by the Fed. The markets are now expecting 50 bps of rate cuts in 2024, down from 75 bps just two weeks ago. There is an 87% […]

NEWS DESK

Gold Prices Surge as Middle East Tensions Boost Safe-Haven Demand – APM Capital Market Report – Mark Pussard, Head of Risk

News Desk 1 02/10/2024

Commodities Gold Prices jumped 1% as safe-haven demand spurred by an escalation in the Middle East conflict, along with lower US bond yields pushed back prices near last week’s record highs. Gold Futures for December delivery was up 0.82% or 21.75 to $2,681.15 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in […]

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Gold Prices Surge 1% as U.S. Consumer Confidence Hits New Low – Century Financial

News Desk 1 25/09/2024

Gold prices surged over 1% in yesterday’s trading session after the U.S. consumer confidence data fell unexpectedly in September to 98.7, marking the biggest drop since August 2021. The decline is attributable to concerns about the labour market. The percentage of consumers reporting a robust job market decreased for the seventh consecutive month to 30.9%, […]

NEWS DESK

Financial Markets Weekly Recap: US Labour Data Attracted Most Investors’ Attention

News Desk 1 23/09/2024

The US labour market was a significant focus for investors, with the August nonfarm jobs repor as the most awaited data. The report confirmed signs of a softening US labour market, starring a drop in the unemployment rate from 4.3% to 4.2% by a clear softening trend in new jobs added and several downward revisions. […]