#News

Oil prices jump about 2% amid risks to Russian production

محت أسعار النفط خسائرها خلال تعاملات الجمعة وتحولت للارتفاع بحوالي 2%، مع تجدد المخاوف بشأن إمدادات...

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2025-09-12

#News

Bitcoin surpasses $116,000 amid expectations of a US interest rate cut

Cryptocurrency prices rose during Friday trading as markets assessed the outlook for future US monet...

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2025-09-12

#News

China is preparing to accelerate crude oil storage through 2026, according to Goldman Sachs

China is expected to accelerate its crude oil stockpiling this year and through 2026 as Beijing take...

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2025-09-12

#News

The UK economy stalled in July

The UK economy stagnated in July, recording zero growth, as consumers and businesses faced pressure...

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2025-09-12

#News

The Australian dollar soars toward its biggest weekly gain since April 2025.

The Australian dollar rose in Asian trading on Friday against a basket of global currencies, extendi...

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2025-09-12

#Breaking News

After adjusting for inflation, the value of gold exceeds the peak recorded in 1980

Spot gold prices surged to a new record high this week, surpassing the inflation-adjusted peak set m...

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2025-09-12

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Oil prices jump about 2% amid risks to Russian production

محت أسعار النفط خسائرها خلال تعاملات الجمعة وتحولت للارتفاع بحوالي 2%، مع تجدد المخاوف بشأن إمدادات الخام الروسية. وأعلن الكرملين الجمعة توقف مفاوضات السلام بين روسيا وأوكرانيا، في خطوة قد تؤدي لفرض عقوبات غربية إضافية على موسكو. وفي سلسلة من الضربات التي استهدفت البنية التحتية للطاقة في روسيا، هاجمت طائرات مسيرة أكبر موانئ تصدير النفط الروسية "بريمورسك". وارتفعت العقود الآجلة لخام برنت تسليم نوفمبر بنسبة 2.03% أو 1.35 دولار إلى 67.72 دولار للبرميل، في تمام الساعة 03:24 مساءً بتوقيت مكة المكرمة، بعدما انخفضت عند تسوية الأمس 1.66%. كما ارتفعت العقود الآجلة للخام الأمريكي تسليم أكتوبر بنسبة 1.92% أو 1.2 دولار عند 63.57 دولار للبرميل. وذكر "تاماس فارجا" المحلل لدى "بي في إم أويل أسوشيتيس" أن السوق ممزق بين نقص المعروض المتوقع بسبب تصاعد التوترات في الشرق الأوسط وأوكرانيا وبين فائض المعروض الفعلي نتيجة زيادة إنتاج "أوبك+" وتضخم المخزونات، وفقًا لما نقلته "رويترز"

2025-09-12

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Bitcoin surpasses $116,000 amid expectations of a US interest rate cut

Cryptocurrency prices rose during Friday trading as markets assessed the outlook for future US monetary policy. Bitcoin rose 0.5% to $115,000, after touching $116,357, capturing approximately 57.2% of the total cryptocurrency market value. Ethereum, the second-largest cryptocurrency by market capitalization, rose 2.35% to $4,527.90, while Ripple added 1.3% to $3.0512. The global cryptocurrency market cap stands at $4 trillion, with total trading volume over the past 24 hours reaching $166.85 billion, according to CoinMarketCap data. According to data from El Salvador's Bitcoin Office, the country has purchased 27 units of the cryptocurrency in the past seven days, bringing its total holdings to 6,317.18 Bitcoin, worth more than $726 million. According to the FedWatch tool, expectations for a 25 basis point interest rate cut at the Fed's September 16-17 meeting rose to 92.5% from 89% a week ago, with a 7.5% chance of a deeper 50 basis point cut

2025-09-12

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China is preparing to accelerate crude oil storage through 2026, according to Goldman Sachs

China is expected to accelerate its crude oil stockpiling this year and through 2026 as Beijing takes advantage of lower prices and prioritizes energy security, according to Goldman Sachs Group Inc. The banking group expects the country to add about 500,000 barrels per day to its reserves over the next five quarters, a pace far exceeding recent estimates of Chinese purchases. Dan Struyven, head of oil research at Goldman Sachs, said in an interview this week that this build reflects both opportunistic buying and a strategic drive to boost inventories. At the Asia-Pacific Petroleum Conference in Singapore, traders noted that Chinese demand has been a key support for prices, offsetting concerns about an impending supply glut. Frederic Lasserre, head of research at Gunvor, put the pace of recent additions at nearly 200,000 barrels per day. China's crude oil reserves remain one of the country's most closely guarded secrets, with little transparency about the exact volumes or scope of the stockpiling. Much of the oil is also believed to come from sanctioned producers such as Russia, Iran, and Venezuela, further clouding flows. Despite the buying campaign, Goldman continues to forecast Brent crude to fall to the mid-$50s per barrel next year, pointing to an oversupplied market. The International Energy Agency (IEA) forecast on Thursday that a record surplus in 2026 will be larger than previously anticipated as OPEC+ and others expand production. Output is expected to expand by 2.7 million barrels per day in 2025, up from a previous estimate of 2.5 million, followed by an additional 2.1 million barrels per day in 2026. This increase comes as OPEC and its allies accelerate the unwinding of production cuts, adding more barrels to the market and increasing concerns about a surplus already weighing on prices this year

2025-09-12

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The UK economy stalled in July

The UK economy stagnated in July, recording zero growth, as consumers and businesses faced pressure from higher taxes and tariffs. According to data released Friday by the Office for National Statistics, gross domestic product (GDP) remained unchanged, as expected, after growing by 0.4% in June. Businesses are currently under pressure from the payroll and minimum wage tax increases that took effect in April, and consumers are bracing for further tax increases in the budget. This aligns with the view of Deutsche Bank's chief economist, Sanjay Raja, who explained this week: "After a surprisingly strong second quarter, the UK achieved the fastest growth rate among the G7 economies. All signs point to a slowdown in economic activity in the second half of the year," CNBC reported

2025-09-12

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The Australian dollar soars toward its biggest weekly gain since April 2025.

The Australian dollar rose in Asian trading on Friday against a basket of global currencies, extending its gains for the third consecutive day against its US counterpart, hitting a ten-month high. It is on track to post its biggest weekly gain since last April. The Australian dollar rose 0.15% against its US counterpart to 0.6669, its highest level since November 2024, from the opening price of 0.6659. It hit a low of 0.6656

2025-09-12

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US inflation expected to rise to 2.9% in August

The annual inflation rate in the United States accelerated in August, reaching its highest level since January, after holding steady at 2.7% in June and July. The Consumer Price Index (CPI) increased by a seasonally adjusted 0.4% last month, double the previous month, bringing the annual inflation rate to 2.9%, compared to expectations of 0.3% and 2.9%, respectively. Core inflation, which excludes volatile food and energy prices, rose 0.3% in August, the same as in July, as prices for airline tickets, used and new cars, and clothing rose. Data from the U.S. Bureau of Labor Statistics showed Thursday that core inflation over the 12 months ending in August rose by 3.1%, matching expectations. The energy index rose 0.7% on a monthly basis, with gasoline prices rising by 1.9%, contributing to the monthly inflation rate

2025-09-12

Breaking News :

After adjusting for inflation, the value of gold exceeds the peak recorded in 1980

2025-09-12

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US employment report reveals new surprises

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Gold prices hit a record high above $3,500 an ounce

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