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. Spot gold fell to $3,996.76 per ounce, its lowest level...
Tag : Federal Reserve
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 Japan. The Japanese currency traded around 159.9 per dollar in...
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 policy benchmark at the same level after the latest U.S....
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 could shape the Federal Reserve’s next move on interest rates....
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 record-setting rally gave way to forced liquidations, margin pressures, and...
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 asset sectors. The alert follows heightened geopolitical tension in South...
U.S. President Donald Trump has renewed his criticism of Federal Reserve Chair Jerome Powell, calling for his removal and blaming the central bank’s leadership for delaying interest rate cuts. Trump's comments, made both online and...
Gold prices remained largely flat on Monday, with investors closely watching for clarity on Trump's tariffs ahead of a key April 2 deadline. Spot gold held at $3,026.85 per ounce by 1131 GMT, while U.S....
Rich Dad Poor Dad author Robert Kiyosaki has once again shared his views on Bitcoin and the global financial landscape, emphasizing his preference for alternative assets amid economic uncertainty. In a series of posts on X, Kiyosaki reiterated his belief that...
U.S. stocks declined on Monday following President Donald Trump's announcement of new tariffs on China, Mexico, and Canada. However, major indices pared early losses mid-morning after Trump stated that tariffs against Mexico would be delayed...