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As TikTok faces bans, users are shifting to RedNote, which poses similar data and foreign influence risks
Gold rose to its highest since December 12 after several sets of U.S. economic data pressured Treasury yields further
Consensus U.S. GDP growth forecasts for 2025 are at +2.1 percent, a rosy forecast given the risks
Data on Tuesday showed that U.S. producer prices increased moderately in December
The U.S. dollar index fell 0.32 percent to 109.60, remaining near its two-year peak
Crude oil WTI Futures expiring in March increased by 1.7 percent, hitting $77.06 a barrel
Brent oil futures set to expire in March climbed by 0.4 percent to reach $77.22 per barrel
The U.S. dollar index held steady at 109.09, nearing the two-year high it touched last week
Sajwani said the company may increase this investment further depending on market conditions
The benchmark 10-year Treasury yield hit its highest since May 2024 yesterday, impacting bullion's rise
Factors that may support gold prices include stronger central bank demand or rapid deterioration of financial conditions
Traders are awaiting the release of the U.S. jobs report on Friday for additional insight into the Fed's interest rate outlook
Major central banks will likely increase gold purchases in 2025, further boosting demand for the precious metal
22-carat gold stood at AED 292.25, 21-carat gold was priced at AED 283, while 18-carat gold was at AED 242.50
Gold prices have risen over 27 percent this year and are set for their best performance since 2010
Gold prices have surged nearly 28 percent this year, reaching a record high of $2,790.15 on October 31
The dollar index dipped 0.09 percent to 108.16, making bullion more attractive for other currency holders
Brent oil futures increased by 0.2 percent, reaching $73.71 a barrel
Gold prices have lost around 2 percent so far this week
In the last week, the world's largest cryptocurrency lost 0.10 percent of its value
Since the November 5 election, Bitcoin has surged more than 50 percent
$533 million Trump Tower Jeddah in Saudi Arabia marks milestone GCC expansion for The Trump Organization
Inflation data could help set market expectations for the Fed's 2025 policy
Trump kicked off his speech by praising the UAE, stating that “the UAE is a developer’s greatest dream"
