Saudi King and Crown Prince Condole Kuwait
In a heartfelt gesture of solidarity, Saudi Arabia’s King Salman and Crown Prince Mohammed bin Salman expressed their deepest condolences to the Emir of Kuwait on Monday following the passing of Sheikh More »
Putin and Abbas Discuss Gaza Crisis
Russian President Vladimir Putin is set to meet with Palestinian President Mahmoud Abbas on Tuesday during Abbas’ visit to Russia. Arriving on Monday, Abbas aims to discuss the ongoing Gaza conflict with More »
Saudi Arabia Voices Strong Support for Gaza Peace Initiatives
Saudi Arabia has firmly aligned itself with the recent joint statement made by President Joe Biden of the United States, President Abdel Fattah El-Sisi of Egypt, and Sheikh Tamim bin Hamad Al-Thani, More »
Saudi Crown Prince, US Secretary of Defense discuss troop deployment
:: Saudi Arabia’s Crown Prince Mohammed bin Salman received a phone call on Wednesday from the US Secretary of Defense during which they discussed ongoing arrangements to send US troops of a More »
Saudi Energy Minister confirms restoration of Kingdom’s gas production capacity
:: Saudi Arabia’s Minister of Energy confirmed on Wednesday the restoration of production capacity, affirming the Kingdom’s position as a reliable energy supplier in the global market. The energy minister, Prince Abdulaziz More »
Tag Archives: GOLD
Gold up, poised for more gains on soft US rate outlook
:: Gold climbed on Monday and was likely to see further gains after the dollar slumped to multi-month lows on the back of data that pointed to weak US inflation and less prospect of rate hikes. “The dollar continues to
Gold set for best quarter in a year
Gold was on track for a 7.8 percent quarterly rise on Friday, its best quarter in a year, as uncertainty over US President Donald Trump’s tax and investment plans and a series of elections in Europe fueled demand for bullion
Turkey suspends contested gold mine project after protests
The Turkish government on Wednesday ordered a halt to construction work on a gold mine in a town near the Black Sea pending completion of the legal process, after protests warning it would ruin a pristine environment. The decision came
Gold hits 9-week high; climbs above $1,100
Gold climbed above $1,100 an ounce for the first time in nine weeks on Thursday as the dollar fell and investors channelled money into safer assets after worries about the Chinese economy hit global stocks. European shares fell sharply after
Gold price gains as risk aversion triggers demand
Gold rose on Tuesday as a wave of risk aversion due to growth worries in China and rising tensions in the Middle East triggered demand for the metal. Spot gold was up 0.6 percent at $1,080.43 an ounce by 1234
Gold steadies after two-day rally
Gold held near $1,080 an ounce on Tuesday after a two-day rally, benefiting from a retreat in the dollar, though uncertainty over the pace of US interest rate increases capped the gains. The metal has risen around 3 percent since
Gold rises 1.6% to 2-week high
Gold rose 1.6 percent to a two-week high on Friday, after a US non-farm payrolls report, seen as likely to pave the way for the Federal Reserve to raise interest rates this month, failed to aid the dollar’s ascent. Spot
Gold eyes fourth weekly loss
Gold fell back toward near six-year lows on Friday, staying on track for a fourth straight weekly loss, on expectations the Federal Reserve is set to raise US interest rates next month for the first time in nearly a decade.
Gold dips to near 6-year low
Gold extended earlier losses to hit its lowest level since early 2010 on Thursday, under pressure from expectations that the US Federal Reserve is on track to raise interest rates next month for the first time in nearly a decade.
Gold’s outlook brightens on China, India in medium term
With gold falling to a seven-week low it may seem an odd moment to outline the case why the gloom over the yellow metal may finally be starting to lift. Spot gold dropped to $1,103.90 an ounce on Thursday, the
Gold price falls after early surge
Gold fell on Friday after the dollar soared to its highest in more than two months and China eased monetary policy for the sixth time in a year, reviving expectations for a US rate rise. Spot gold slid 0.3 percent
Canizares wins Amex Dirab Golf Championship in playoff
Gabriel Canizares played the second tier Challenge Tour in Europe for 5 five years without success. On the MENA Golf Tour, the 41-year old Spanish pro tasted victory after only six events. Holding his nerve against a slew of young
Gold slides below $1,150 as dollar strengthens
Gold fell more than 1 percent on Friday, breaking below chart support at $1,150 an ounce, as the dollar hit a four-year high against a currency basket after upbeat U.S. retail sales data. The Commerce Department said U.S. retail sales
Gold and silver continue to decline on dollar strength
LONDON : Commodity prices dropped this week as the dollar strengthened, with Brent oil sinking to its lowest level in more than two years against a backdrop of solid supplies and sluggish demand. Sugar futures meanwhile touched multi-year lows, weighed
Gold prices dive to 2.5-month low
LONDON : Commodities mostly fell last week on the back of the strong dollar, which surged following news of a surprise package of deflation-fighting stimulus measures in the euro zone. “Weakness across the commodity space resumed this week,” said Saxo
Gold hits one-month low as strong data lift stocks, dollar
LONDON: Gold dropped to its lowest level in a month, extending an earlier fall to below $1,300 an ounce as robust economic data from the US, China and the euro zone deterred investors from buying into safe-haven assets. Spot gold
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