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Weaker dollar boosts gold's appeal, with concerns over U.S. budget deficit supporting prices
Campaign reinforces the company's role as the broker for those who are Born to Trade
The Supreme Court has called upon Muslims across the Kingdom to sight the crescent moon of Dhu al-Hijjah on Tuesday evening
The euro appreciated 0.44 percent to $1.1412, while the dollar index touched its lowest level since April 22
Trump's deadline extension for EU trade talks aims to alleviate concerns about tariffs and fuel demand
Rising gold prices reflect safe-haven buying as U.S. tariffs loom over European imports
Brent was down 2 percent so far this week, while WTI was 2.7 percent lower
The dollar has lost more than 1 percent so far this week and is set for its worst weekly performance since April 7
The asset secured a second record high within 24 hours, with a gain of almost 8 percent so far this week
Crude inventories rose by 1.3 million barrels to 443.2 million barrels in the week ended May 16, the EIA said
The U.S. dollar was hovering near a two-week low, making gold cheaper for other currency holders
The final offer price was set at the top end of the price range, enabling the company to raise $584 million through the IPO
The issuance highlights the increasing appeal of Sharia-compliant financial instruments from UAE institutions
Subscription eligibility will be limited to shareholders registered with Edaa as of the deadline
Investors await upcoming U.S. oil stock data from the EIA later on Wednesday
Spot gold rose by 0.2 percent, now above $3,303 an ounce, its highest level since May
The number of subscribers in public and private funds exceeded 1.72 million, an annual increase of 47 percent
Moody's downgrade of U.S. credit rating raises concerns about economic outlook and oil prices
Spot gold down 0.4 percent at $3,215.31, reflecting market reactions to geopolitical news.
The revised offering size is expected to be between $568 million and $584 million
Both contracts saw a rise of over 1 percent after the U.S. and China paused tariffs
Spot gold rose 0.7 percent to $3,223.55 an ounce amid global market fluctuations
Both Brent and WTI were up 1 percent so far this week after a surge earlier in the week
Bullion has lost 3.3 percent so far this week and is set for its worst weekly performance since November 2024
