Markets

UAE gold prices down, global rates up on rising U.S. rate cut bets

Japanese stocks rebounded sharply on Tuesday after their biggest single-day decline since the 1987 Black Monday sell-off in the previous session

Abu Dhabi’s IHC forms Rorix Holdings for global finance, trade facilitation

Rorix Holdings aims to accelerate trade volumes, attract foreign investment, and foster economic partnerships

Oil prices rebound over 1 percent as Middle East tensions offset demand concerns

Brent crude oil futures for October delivery rose 1.3 percent to $77.29 per barrel

Ethereum ETF: Will other cryptos join the bandwagon?

The approval of Ethereum ETFs brings more legitimacy to cryptos

Bitcoin price hits six-month low at $51,600 as decline continues

Bitcoin has lost around $10,000 in value since Friday

Oil prices decline to near 8-month low as U.S. recession concerns outweigh Middle East tensions

Both Brent and WTI declined more than 3 percent to their lowest since January on Friday following a volatile week

UAE gold prices rise, global rates up on growing U.S. recession concerns

U.S. unemployment rate rose to 4.3 percent, signaling a possible weakness in the labor market

UAE gold prices up, global rates set for weekly gains on Fed rate cut prospects

Traders priced in a 28.5 percent chance of a larger 50-basis-point rate cut in September

Oil prices head for fourth week of losses as demand worries outweigh supply risks

Brent oil futures for October delivery rose 0.4 percent to $79.84 per barrel

Dubai Financial Market sees spike in new investor accounts, up 85 percent to 56,345

The growth is due to strong investor interest in recent high-profile listings like Parkin and Spinneys

UAE gold prices rally, global rates hit 2-week high as Fed hints at September rate cut

Gold prices rose as support for the safe-haven asset strengthened amid the threat of conflict escalation in the Middle East

Oil price rallies amid Middle East tensions and OPEC+ meeting, China concerns linger

Brent oil futures expiring in October rose 0.5 percent to $81.24 a barrel

UAE gold prices surge, global rates rise ahead of Fed policy decision

If the Fed signals the possibility of multiple rate cuts this year, gold prices will likely rally

Oil prices jump on robust U.S. fuel demand, inventory draws

Brent crude futures for September delivery jumped 1 percent to $79.45 per barrel

Global gold demand hits record highs with strongest Q2

Gold price averaged $2,338/oz, 18 percent higher year-on-year, reaching a record of $2,427/oz during the quarter

Dubai Financial Market announces 74 percent rise in pre-tax net profit to $53.19 million in H1 2024

The first half of 2024 saw a surge in trading activity, higher trade values, and an influx of new investor

UAE gold prices down, global rates up ahead of Fed policy meeting

The Bank of England and the Bank of Japan's policy meetings are also due this week

Oil prices slide to two-month low ahead of OPEC meeting, Fed policy decisions

Brent oil futures expiring in September fell 0.2 percent to $79.63 per barrel

Ethereum ETFs approved: Another win for cryptocurrencies

Traditional investors can now buy Ethereum without directly dabbling in cryptos

UAE gold prices edge higher, global rates decline on sluggish Asian demand

Investors will closely watch the Fed's interest rate decision on Wednesday, with no change in interest rates expected

Oil prices flat as demand outlook and supply glut concerns weigh

Brent oil futures expiring in September rose slightly by 0.2 percent to $81.25 a barrel

UAE gold prices stable, global rates rise but set for weekly losses

U.S. economy grew faster than expected in Q2, but inflation pressures eased, maintaining market expectations of a September rate cut

Oil prices steady on strong U.S. GDP, but headed for third weekly losses

Brent oil futures expiring in September were stable at $82.38 per barrel

UAE gold prices fall, global rates dip as investors book profits ahead of U.S. economic data

If the PCE data reveals that inflation is slowing and the Fed can cut rates in September, gold prices will likely surge