interest rate

UAE gold prices decline, global rates down ahead of U.S. economic data release

Gold prices reached a record high of $2,483.60 last week as markets expected a 25-basis-point U.S. interest rate cut by September

Oil prices fall to 1.5-month low amid weak outlook and surplus concerns

Brent oil futures expiring in September fell 0.2 percent to $82.26 a barrel

Oil prices rise as investors look for additional U.S. rate cut cues

China's slower-than-expected economic growth sparked concerns over the country's demand for oil which continues to impact prices

UAE gold prices rise, global rates down as focus shifts to U.S. economic data

Interest rate cut expectations and the political uncertainty in the United States have supported gold prices to their record high

UAE and global gold prices lose luster amid profit-taking, dollar strength

In the UAE, gold prices fell with 24-carat gold inching up to AED293.50 per gram

ECB keeps interest rates unchanged, ‘wide open’ on September decision

The Central Bank wants more evidence that inflation is still on track to reach the 2 percent target by the end of 2024

Egypt’s Central Bank holds key rates amidst 2.2 percent GDP growth and 27.5 percent inflation

The bank noted that "the current monetary stance is appropriate to support the sustained moderation of inflation."

Oil prices retreat amid doubts about China’s demand outlook, signaling weekly losses

Brent oil futures for September delivery shed 0.5 percent to $84.73 per barrel

UAE gold prices inch up, global rates rise on rate cut hopes

Fed officials noted that the path toward looser monetary policy has become shorter

Oil prices rise amid declining U.S. crude inventories, Fed rate cut expectations

Brent futures, the global oil benchmark, rose 32 cents, or 0.4 percent, to $85.40 per barrel

Gold price hits record high of $2,482.29, UAE rates surge

Markets are pricing in a rate cut of at least 25 basis points by the Fed at the September meeting

UAE gold prices rise, global rates inch up on U.S. interest rate cut optimism

Fed Chair Powell expressed confidence that inflation is returning to the central bank's target of 2 percent

Oil prices dip amidst Chinese economic slowdown, anticipation of Fed interest rate cuts

Brent crude futures fell 21 cents, or 0.25 percent, to $84.64 per barrel

UAE gold prices steady, global rates rise as investors seek rate cut cues from Fed’s Powell

Markets are currently pricing in a 93 percent chance of an interest rate cut in September, according to the CME Fedwatch Tool

UAE gold prices surge, global rates set for third weekly gain amid rate cut bets

Gold prices surged above the $2,400 level after data showed unexpected decline in U.S. inflation

Oil prices rise on softer U.S. inflation, summer demand hopes

Brent oil futures for September delivery rose 0.1 percent to $85.52 per barrel

UAE gold prices up, global rates rise as market awaits June U.S. CPI data

Traders are currently pricing in a 46 percent chance that the Fed will cut rates twice by the end of the year

Oil prices rise on weaker dollar, tighter supply bets ahead of CPI data

Brent Oil Futures expiring in September rose 0.7 percent to $85.74 a barrel

UAE gold prices rise, global rates up ahead of U.S. inflation data release

Global physically backed gold exchange-traded funds saw inflows for the second month straight in June

Egypt’s economic reforms boost remittances: 26.6 percent monthly rise to $2.7 billion in May 2024

The remittances in May 2023 amounted to around $1.6 billion, as reported by CBE

UAE gold prices down, global rates rise as investors await June U.S. inflation data

Recent weak U.S. economic data has raised the market's hopes for two interest rate cuts by the end of the year

UAE gold prices decline, global rates ease from one-month high on rate cut bets

Unemployment reached a 2.5-year high of 4.1 percent, signaling a softer U.S. labor market

UAE gold prices rise, global rates eye second consecutive weekly rise

If the non-farm payrolls data declines, investors will likely raise their expectations of a September Fed interest rate cut

Oil prices slide as weak U.S. economic data raises demand concerns

Brent crude futures were down 48 cents, or 0.55 percent, at $86.86 a barrel