Gold

NEWS DESK

Gold consolidates ahead of US inflation data

News Desk 2 10/07/2024

Following Powell’s Senate testimony, which suggests a cautious approach to rate cuts, gold prices jump beyond $2,360. Although DXY gains 0.14%, the rate on the US 10-year Treasury increases to 4.296%. During Tuesday’s North American session, gold prices marginally increased following remarks

NEWS DESK

Oil Futures Hit Two-Week Low; Gold Trades Higher Ahead of CPI Report – Comments from Century Financial

News Desk 2 10/07/2024

Oil prices finish lower after Hurricane Beryl leaves energy infrastructure largely unscathed: Oil futures lost ground Tuesday, with U.S. benchmark prices settling at their lowest in nearly two weeks after Hurricane Beryl appeared to leave Texas energy infrastructure with little damage. U.S crude oil futures slipped in post-settlement trading Tuesday even as the American

NEWS DESK

Gold prices rise in Asia as traders anticipate fed signals; Copper and Crude Oil show mixed trends – APM Capital Market Report

News Desk 2 10/07/2024

Wallstreet market U.S. stocks gave up gains towards the close on Tuesday, however the S&P 500 and Nasdaq Composite were still able to edge up to new record closing highs. The Dow Jones finished down. The Federal Reserve remains squarely focused on the dual mandate to promote maximum employment and stable prices for the benefit […]

NEWS DESK

Gold Sees Steepest Drop in Two Weeks Despite Robust Demand – Comments from Century Financial

News Desk 2 09/07/2024

The ADX General is declining slightly to 9,128.59 in Abu Dhabi in early trading. Aldar Properties PJSC contributed the most to the index decline, decreasing 0.9%. Emirates Driving Co. had the largest drop, falling 2.4%. The DFM General Index opened slightly higher at 4,082.11 in Dubai. Emaar Properties PJSC contributed the most to the index […]

NEWS DESK

Global Stock Markets Show Mixed Results; Gold and Silver Trim Friday’s Gains – APM Capital Market Report

News Desk 2 09/07/2024

Mark Pussard, Head of Risk, APM Capital On Monday, global stock markets, like the U.S., presented a mixed picture with a combination of modest gains and losses across major indices. US markets  Wall Street closed with mixed results on Monday as investors anticipated fresh inflation data, Federal Reserve Chair Jerome Powell’s commentary, and the beginning […]

NEWS DESK

Gold and Silver Surge as Weak US Jobs Report Fuels Fed Rate Cut Speculation

News Desk 2 08/07/2024

APM Capital Market Report Stocks were mixed around the world on Friday as political uncertainty took center-stage. Labour swept to power in a landslide in the UK, change is on the horizon in France, while in the U.S. the once-favoured incumbent hovers on whether or not to continue his candidacy. Here are the closing quotes […]

NEWS DESK

Oil and Gold Prices Rise Amid Unexpected Supply Drop, Middle East Tensions, and Rate Cut Hopes – Comments from Century Financial

News Desk 2 05/07/2024

Shell to Take Impairment Hit of Up to $2 Billion: Shell expects to book up to $2 billion in post-tax impairments after delaying construction of a major biofuels plant as European energy majors grapple with weak market conditions, while trading in its core gas division is set to fall on quarter. Oil prices end higher […]

NEWS DESK

Global Markets Surge, Gold Firms on Fed Speculation; Oil Rises as Inventories Fall

News Desk 2 04/07/2024

APM Capital Market Report Global Stock Market Wrap-Up: Monday Closing Quotes Global markets experienced a surge on Wednesday, with major indices and currencies showing significant gains. US market Trading volume was muted Wednesday with the New York Stock Exchange closing early. The S&P 500 index and technology-laden Nasdaq rose on Wednesday to post record high […]

Markets

WGC report: Gold rises by 12% year-to-date

Arnold Pinto 04/07/2024 0

Central banks play a key role In the tumultuous landscape of global finance, gold has performed remarkably well in 2024, rising by 12% year-to-date and outperforming other major asset classes.  According to the newly released Gold Mid-Year Outlook 2024 report issued by the London, UK-headquartered World Gold Council (WGC), the precious metal has surged, defying […]

NEWS DESK

Mohammed bin Rashid Housing Establishment (MBRHE) Wins “Gold” in “Wosool” seal certificate by Dubai Municipality

News Desk 2 24/05/2024

The Mohammed bin Rashid Housing Establishment (MBRHE) announced that its Customer Happiness Center and HQ building have been awarded the Gold Certificate in the “Wosool” seal, certifying accessibility for people of determination, issued by the Dubai Municipality. This achievement underscores the institution’s unwavering commitment to provide an inclusive

NEWS DESK

Imminent Bitcoin Halving Set to Make Bitcoin Twice as Rare as Gold, Bybit Reports

News Desk 1 17/04/2024

Bybit, one of the world’s top three crypto exchanges by volume, has released a new report showing that the current supply dynamics of Bitcoin leave only nine months of supply left on exchanges. This is due to the upcoming Bitcoin halving, which reduces supply by 50%. Post-halving, the Bitcoin supply squeeze is expected to intensify. […]