Gold Price Hovers at Record Peaks: Eyes Set on Fed's Powell for Rate Cut HintsGold prices edged higher on Wednesday, lingering near the record highs set in the previous session, with investors eagerly awaiting Federal Reserve Chair Jerome Powell’s upcoming testimony for indications of a possible interest rate cut in June. Spot gold rose by 0.3% to $2,132.80 per ounce by midday, just shy of its historic peak of […] READ MORE Is UAE moving to have greater transparency on gold buying, selling on digital platforms?UAE authorities, World Gold Council could introduce best practices for online channels Investors in the UAE are buying into gold bars and coins via digital investment and trading platforms. But do these channels have the gold in hand to support these transactions? Image Credit: Shutterstock Dubai: Moves are on to bring in greater transparency and [...] READ MORE Commercial Real Estate Concerns Lead to Higher Borrowing Costs for BanksBond investors are increasingly wary of banks heavily involved in commercial real estate, leading to wider spreads on these banks’ bonds as concerns grow over the impact of property debt on the financial system. Barclays Plc analysts, led by Dominique Toublan, have observed that banks with significant commercial property investments face higher costs of borrowing […] READ MORE UAE Aims for Gold Standard in Online Trading TransparencyThe United Arab Emirates is advancing efforts to enhance transparency and ethical practices in gold transactions, especially those conducted through online platforms. This initiative, led by the World Gold Council (WGC), aims to empower consumers with the knowledge needed to make informed purchases and to ensure the credibility of selling entities. READ MORE Silver Surges: Anticipation of Rate Cuts Sparks 4% Price Jump in a WeekSilver prices experienced a notable surge of over 4% in a single week, fueled by speculations of an impending U.S. interest rate cut. This anticipation was stirred by a downturn in U.S. manufacturing activity and a dip in consumer confidence, suggesting softer economic conditions that might prompt the Federal Reserve to adjust its monetary policy. READ MORE Why Britain Is Still Paying the Price for Gordon Brown’s Gold Bullion BlunderIt has been considered one of the worst financial blunders the Government ever made… Telegraph Money reveals what went wrong 25 years ago – and outlines the repercussions. READ MORE Central Banks Kick Off 2024 with Significant Gold PurchasesIn January 2024, central banks significantly bolstered their gold reserves, adding 39 tonnes to the global tally, with Turkey and China leading the acquisitions. This marked a robust start to the year, continuing a trend from 2023, which, although slightly below the record-setting pace of 2022, remained impressively strong. Such purchases have become a crucial […] READ MORE Oil Prices Waver Amid Economic Uncertainty and Interest Rate SpeculationOil prices experienced volatility, finding some stability through technical support despite a general trend of risk aversion in broader financial markets. West Texas Intermediate (WTI) oil saw a minor decline of 0.4%, dropping below $79 per barrel amidst market fluctuations influenced by mixed economic signals and anticipation of Federal Reserve Chair Jerome Powell’s congressional testimony. […] READ MORE Citi Analysts See Gold's Highs ContinuingGold prices have hit new highs, with futures hitting new records and analysts optimistic about the precious metal’s trajectory. Even as spot gold trades higher, analysts from Citi highlight that, adjusted for inflation, gold’s current prices are still below historic highs. Nevertheless, Citi analysts maintain a positive outlook, suggesting a 25% chance gold could average […] READ MORE « Previous 1 … 40 41 42 43 44 … 78 Next »
