News
A Turbulent Week for Gold… Oil and the Dollar Control Prices
9+ hour, 6+ min ago (806+ words) Gold prices in the local market recorded a slight increase of about 0.1% during last week's trading, while the ounce declined on the global market by about 10.4%, amid sharp volatility driven by the US dollar and the repercussions of geopolitical tensions....
Gold Rises Locally Despite Global Losses Amid Geopolitical Tensions and Central Bank Gold Sales
1+ day, 6+ hour ago (683+ words) Gold prices in local markets rose during trading on Saturday, coinciding with the weekly holiday of the global stock exchange, following a slight weekly decline in the ounce of approximately 0.06%," Despite this slight weekly decline, gold prices rose by more…...
Fitch Cuts Egypt Growth Forecast to 4.9% amid Rising Geopolitical Risks
1+ day, 1+ hour ago (383+ words) Fitch Solutions has revised down its growth outlook for Egypt, citing mounting geopolitical risks and persistent inflationary pressures that are expected to weigh on economic activity over the coming fiscal years. In its latest report, the firm lowered its forecast…...
US Gasoline Prices Rise to $3.70 per Gallon, Up 24% Since Start of Iran War
2+ week, 1+ hour ago (402+ words) Average gasoline prices in the United States have climbed to $3.70 per gallon, marking a 24% increase since the outbreak of the Iran-related conflict on February 28, according to data released Sunday by the American Automobile Association. The latest figure represents the highest…...
Gold retreats globally, tests $5,000 support amid strong dollar and anticipation of central bank decisions
2+ week, 1+ day ago (871+ words) Gold prices edged lower in the local market during Saturday's trading, coinciding with the global market's weekend closure, after the ounce declined by nearly 3% over the past week. The drop came as U.S. Treasury yields rose and geopolitical tensions in the…...
250 Years On: Adam Smith’s Enduring Lessons for Global Economy
2+ week, 6+ day ago (616+ words) As the world marks 250 years since the publication of Adam Smith's The Wealth of Nations, economists and policymakers continue to find relevance in the Scottish philosopher's insights." Written in 1776, the same year as the U.S. Declaration of Independence, Smith's treatise critiqued…...
How to Protect Your Money, Assets during World War?
2+ week, 6+ day ago (791+ words) As geopolitical tensions rise around the world, an important but often overlooked question emerges: what would happen to your money and investments if a major global conflict erupted? History offers clear answers. Every major war has not only redrawn political…...
Standard Chartered Warns of Long-Term Downside Risks for US Dollar
3+ week, 1+ day ago (400+ words) The British banking group Standard Chartered has warned that the United States Dollar faces long-term downside risks, despite its recent gains driven by rising demand for safe-haven assets amid escalating geopolitical tensions in the Middle East and a surge in…...
Swiss Franc Strengthens as Safe-Haven; Dollar Weakens amid Iran Conflict
3+ week, 1+ day ago (326+ words) The Swiss franc strengthened on Friday as escalating tensions in the Middle East boosted demand for safe-haven assets, while the US dollar fell amid volatile trading following unexpectedly weak U.S. labor market data. The dollar declined by 0.4% against the Swiss franc,…...
Egypt PM, Central Bank Governor Discuss Prices and Investment Outlook | Sada Elbalad
1+ mon, 2+ week ago (220+ words) Egyptian Prime Minister Mostafa Madbouly met on Tuesday evening with Hassan Abdalla, Governor of the Central Bank of Egypt, at the government headquarters in the New Administrative Capital to review coordination between the government and the central bank on a…...