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UAE gold prices dip, global rates remain above $2,500 level on U.S. rate cut optimism

Multiple Chinese banks have been given new gold import quotas from the central bank, signaling renewed buying demand

Oil prices sink as China’s economic slowdown fuels demand concerns

Brent crude futures declined by 13 cents, or 0.2 percent, to $79.55 per barrel

UAE gold prices steady amidst global rise following strong U.S. data

Globally, spot gold was up 0.3 percent at $2,454.40 per ounce

Oil prices edge lower but set for weekly gains on U.S. optimism

Brent crude futures, expiring in October, fell 0.1 percent to $80.94 a barrel

Container volumes fuel $9.33 billion revenue for DP World in H1 2024

The port operator invested $994 million in capital expenditures during the period

UAE gold prices dip, global rates rise after slipping 1 percent as large rate cut hopes fade

So far this year, gold prices have gained 19 percent and set a new record high of $2,483.60 on July 17

Oil prices climb on rate cut hopes, but China concerns remain

Brent crude futures rose 0.21 percent to $79.93 a barrel

Abu Dhabi’s real estate FDI jumps 225 percent to $893 million in H1 2024

During the first half of 2024, Abu Dhabi recorded 12,439 real estate transaction activities with a value of AED36.2 billion

IEA trims 2025 oil demand forecast, cites weakened Chinese economy

The report expects robust demand in Western economies, especially the US, which consumes one-third of global gasoline

Starbucks bets on Chipotle’s turnaround guru to brew up a comeback – but who is Brian Niccol?

The coffee retailer has appointed Niccol as its new chairman and CEO effective September 9

Oil prices rise as U.S. stockpiles shrink, Fed rate cut bets grow

Brent crude oil futures for the October delivery rose 0.5 percent to $81.09 per barrel

UAE gold prices dip, global rates down as markets await U.S. inflation data release

Data on Tuesday revealed that U.S. producer prices increased less than expected in July, signaling a cooling in inflation

UAE gold prices rise, global rates dip after hitting over one-week high

Gold prices will likely see additional support if a softer U.S. inflation report is released, raising hopes for a larger rate cut

Oil prices decline as OPEC lowers 2024 demand forecast amid China slowdown

Global benchmark Brent crude futures dipped 78 cents, or 0.95 percent, to $81.52 a barrel

OPEC cuts 2024 oil demand growth forecast to 2.11 million bpd on weaker Chinese demand

OPEC also cut next year's demand growth estimate to 1.78 million bpd from the previous 1.85 million bpd

Oil prices rise for 5th session amid escalating Middle East tensions, better economic data

Before last week, oil prices recorded four consecutive weeks of losses amid fears of slowing economic growth

UAE gold prices rise marginally, global rates up as investors await U.S. inflation data

Progress on inflation could support gold prices to retest a new all-time high once more

UAE gold prices rise, global rates set for weekly drop as investors await Fed rate cut hints

Markets are now pricing in a 55 percent chance of a 50-basis-points cut in September with bets on an additional cut in December

UAE gold prices dip, global rates rise on larger rate cut optimism

U.S. dollar declined by 0.15 percent to 103.05, making greenback-priced bullion more affordable for other currency holders

Oil prices inch higher amid tightening U.S. supplies, potential Middle East disruptions

Brent crude futures rose 23 cents, or 0.3 percent, to $78.56 per barrel

UAE gold prices extend decline, global rates up despite stronger dollar

Markets are pricing in a 65 percent chance of a 50 basis point rate cut in September, the CME FedWatch tool revealed

Oil prices slide on bearish inventory data, persistent global economic slowdown fears

Brent crude oil futures for October delivery fell 0.5 percent to $76.13 per barrel

Saudi PIF affiliate invests $1.5 billion in EV maker Lucid Group

The deal includes a $750 million convertible preferred investment and a $750 million unsecured term loan