Gold futures prices fell slightly as markets awaited US economic data that could shed further light...
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2025-08-28
Oil prices fell as investors assessed potential shifts in crude supplies amid India's punitive US ta...
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2025-08-28
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The US dollar rose on Wednesday, although gains were limited by concerns about the independence of t...
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2025-08-27
The U.S. Department of Commerce has decided to impose anti-dumping and countervailing duties on 10 c...
Read More
2025-08-27
The European Union is moving to expedite legislation by the end of the week that would eliminate all...
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2025-08-27
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The euro fell on Wednesday against a basket of global currencies, trading near a two-week low agains...
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2025-08-27
Gold futures prices fell slightly as markets awaited US economic data that could shed further light on the Federal Reserve's interest rate outlook. During Thursday's trading, gold futures for December delivery fell slightly by 0.1%, or $3.60, to $3,445 per ounce. Spot gold fell 0.2%, or $6.46, to $3,390.91 per ounce, as of 8:30 a.m. Mecca time. The dollar index, which measures the performance of the US currency against a basket of six major currencies, fell slightly by 0.1% to 98.14. While silver futures for September delivery rose 0.4% to $38.865 an ounce, spot platinum prices were steady at $1,348.53, and palladium prices were unchanged at $1,094.24. Investors are closely awaiting the release of the US Personal Consumption Expenditures Index (PCE) – the Federal Reserve's preferred inflation gauge – on Friday for any clues about the future direction of interest rates
2025-08-28
Oil prices fell as investors assessed potential shifts in crude supplies amid India's punitive US tariffs on its imports of Russian oil. During Thursday's trading, Brent crude futures for October delivery fell 0.9%, or 62 cents, to $67.43 a barrel. U.S. WTI crude futures for October delivery also fell 0.9%, or 58 cents, to $63.57 a barrel. This comes after data from the U.S. Energy Information Administration showed that U.S. motor gasoline production averaged 9 million barrels per day during the four weeks ending August 22, a 1.1% decrease from the same period last year. Washington has increased pressure on New Delhi to stop purchasing Russian oil, with U.S. President Donald Trump doubling tariffs on Indian imports to up to 50% on Wednesday
2025-08-28
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The US dollar rose on Wednesday, although gains were limited by concerns about the independence of the Federal Reserve following US President Donald Trump's attempt to remove Congresswoman Lisa Cook. The dollar index, which tracks the greenback against a basket of six other currencies, rose 0.4% to 98.4870, recovering from losses at the beginning of the week
2025-08-27
The U.S. Department of Commerce has decided to impose anti-dumping and countervailing duties on 10 countries following the conclusion of investigations into corrosion-resistant steel imports. The department confirmed that these decisions target approximately $2.9 billion worth of imports from Australia, Brazil, Canada, Mexico, the Netherlands, South Africa, Taiwan, Turkey, the United Arab Emirates, and Vietnam. The U.S. Department of Commerce stated that the imposition of these duties came after evidence of dumping and unfair subsidy practices in some corrosion-resistant steel-producing countries, which harmed domestic industry in the United States. The department explained that this step reflects the U.S. administration's commitment to protecting domestic industries from unfair competition, particularly in the steel sector, which is a strategic sector of the U.S. economy. These decisions come at a time of increasing trade disputes between the United States and several trading partners around the world, particularly regarding steel and aluminum products. Observers point out that the new anti-dumping duties will affect export flows from the countries affected by the decision, and may prompt some of these countries to respond with similar measures or resort to the World Trade Organization to challenge the US measures
2025-08-27
The European Union is moving to expedite legislation by the end of the week that would eliminate all tariffs on U.S. industrial goods, Bloomberg reported Wednesday. The report, citing sources familiar with the discussions, said the European Commission, which manages EU trade policy, plans to extend preferential tariff rates for some U.S. seafood and agricultural products. EU officials have acknowledged that the trade arrangement with Trump favors the United States, but they emphasize that the agreement is necessary to provide stability and certainty for companies in both markets
2025-08-27
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The euro fell on Wednesday against a basket of global currencies, trading near a two-week low against the US dollar. This was due to renewed buying of the US currency as the best available investment, amid easing concerns about the stability of the Federal Reserve. The euro fell 0.25% against the dollar to $1.1612, from the opening price of $1.1642, and reached a high of $1.1647
2025-08-27
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2025-08-28
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2025-08-27
Gold futures prices fell slightly as markets awaited US economic data that could shed further light...
Read More
Oil prices fell as investors assessed potential shifts in crude supplies amid India's punitive US ta...
Read More-220*140.webp)
The US dollar rose on Wednesday, although gains were limited by concerns about the independence of t...
Read More
The U.S. Department of Commerce has decided to impose anti-dumping and countervailing duties on 10 c...
Read More
