Central Bank

Stablecoins: The future of payments or a looming threat?

In 2023, the global market capitalization of stablecoins exceeded $130 billion

UAE, global gold prices dip as market awaits key U.S. data, Fed comments

The dollar gained 0.08 percent to 105.08 on Monday after marking significant gains following the U.S. Presidential election

Bank of England lowers interest rates to 4.75 percent, anticipates gradual cuts ahead

This marks the second reduction by the central bank this year, following the initiation of its easing cycle in August

UAE gold prices drop sharply as dollar surges on Trump win, global rates dip

Trump's victory fueled questions about whether the Federal Reserve may proceed to cut rates at a slower and smaller pace

UAE gold prices steady as market awaits U.S. election outcome, global rates dip

U.S. dollar surged to a near four-month high in reaction to the U.S. election exit polls, making bullion less attractive for other currency holders

UAE, global gold prices dip ahead of U.S. election, Fed meeting

Despite markets largely expecting the quarter-point cut this week, gold prices may still see a reaction to the decision

UAE gold prices rise ahead of U.S. election, Fed rate cut

Uncertainty surrounding the election and the U.S. central bank's policy decision could support gold prices this week

UAE gold prices fall by AED3 after Diwali, global rates rise ahead of U.S. payrolls data

Gold prices have gained over 4 percent in October amid safe-haven flows spurred by Mideast tensions and U.S. election uncertainty

Gold prices hit new record high of $2,790.15, set for best month since March

Gold prices have gained close to 5 percent so far this month and almost 41 percent in the past year

UAE gold prices soar, global rates hit record high ahead of Diwali

Markets are also bracing for a series of economic indicators in the coming days 

Oil prices climb following unexpected draw in U.S. oil stocks, anticipation of key economic data

Brent oil futures for December delivery climbed 0.5 percent to $71.50 per barrel

UAE gold prices surge, global rates near record high as U.S. election nears

Uncertainty over the outcome of the U.S. election kept traders largely biased towards safe havens such as the dollar and gold

UAE, global gold prices edge down on stronger dollar

Recent gains place the dollar on track for its best month since April 2022

UAE gold prices dip, global rates set for weekly gain as geopolitical risks raise demand

U.S election, along with Middle East tensions, might continue to act as a tailwind for gold prices

CBUAE reports banks extend $22.1 billion in financial support to SMEs by mid-2024

SME loans made up 9.5 percent of 232.9 billion in financial facilities for commercial and industrial sectors as of June 

UAE gold prices dip, global rates rise as demand offsets stronger dollar

Analysts expect gold prices to reach over $2,800 this year and $3,000 in 2025

Gold prices hit new record high of $2,752.38, UAE rates up

Market awaits the upcoming release of U.S. existing home sales data, which will provide additional insight into the health of the economy

UAE gold prices down, global rates hover near record high as Mideast tensions persist

Traders are pricing in an 87.7 percent chance of a 25-basis-point cut by the Federal Reserve in November

Gold prices hit new record high: Global gold prices reach $2,732.76 ahead of U.S. election, UAE rates up

In China, investors are gauging the impact of the latest lending rate cut following reductions to other policy rates last month

Lagarde signals shift in ECB strategy with third rate cut in 2024

This marks the first consecutive rate reduction in 13 years

Gold prices set new record high at $2,713.76 as safe-haven demand surges, UAE rates up

As tensions in the Middle East escalated, less than three weeks remained to vote for the next U.S. president

Global gold rates near all-time high, UAE prices up ahead of U.S. economic data

The U.S. retail sales and industrial production data for September, as well as weekly jobless claims data, are all due later today

UAE, global gold prices up as investors await U.S. retail sales data

U.S. dollar index and Treasury yields dipped, making bullion more attractive to other currency holders