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Increased geopolitical tensions in the Middle East heightened the demand for safe havens
West Texas Intermediate (WTI) crude futures also rose by 0.4 percent to $67.61 per barrel
U.S. consumer sentiment hits two-and-a-half-year low as inflation expectations rise amid tariff fears
West Texas Intermediate (WTI) crude futures jumped 1.8 percent to $68.09 per barrel
Expectations of lower Russian oil supply in the near term provided some support to oil prices
Bullion is on track for a second consecutive weekly increase, rising 2.5 percent so far this week
IPOs allow investors to diversify their investments across various UAE sectors, including tech, healthcare, and energy
Trump's tariffs may fuel inflation, pushing safe-haven gold to a record high of $2,956.15
Crude prices rose from three-year lows, aided by improving sentiment and a weaker dollar
Spot gold was unchanged at $2,916.69 per ounce, while U.S. gold futures edged up 0.1 percent to $2,922.30
Supply concerns in Russia boosted prices after Ukraine targeted a major oil refinery in Moscow
Upon listing, Alpha Data’s market capitalization stood at approximately $408 million
The dollar index neared a four-month low, making bullion cheaper for global buyers
West Texas Intermediate crude futures fell by 0.8 percent to $65.15 a barrel
The Nasdaq Composite was down 4 percent, its largest one-day decline since September 2022
In the UAE, equity markets recorded an increase of $69.2 billion in market capitalization
Concerns over a potential global trade war shifted investors to safe-haven assets, raising gold prices
West Texas Intermediate crude futures saw a similar decline of 0.4 percent to $66.48 a barrel
Trump signed orders expanding tariff exemptions for goods from Canada and Mexico this week
Attention turns to February's nonfarm payrolls data for insights on the U.S. economy
Investors await U.S. nonfarm payrolls data Friday to assess Fed's interest rate strategy
Traders are concerned about U.S. tariffs and rising oil supplies from OPEC+ production increases
Strong demand led to the order books exceeding 4.3 times and the final issue being oversubscribed by nearly 2.6 times
Trump’s tariffs on products from Canada, Mexico, and China took effect just after midnight ET on Tuesday
