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Stability in Gold Prices After Record Surge
SadaNews - Gold prices stabilized following a five-day surge that saw consecutive record highs, coinciding with the start of the government shutdown in the United States, while traders increased their bets on interest rate cuts by the Federal Reserve after weak private sector employment data.
Spo...
How Does the Government Shutdown Affect the U.S. Economy?
SadaNews - The United States finds itself once again facing a deep political and economic crisis after the federal government has shut down for the first time in nearly seven years, opening the door to a new wave of institutional paralysis and uncertainty about the contours of President Donald Trump...
Gold price rises to $3,875 per ounce
SadaNews - The price of gold continued to gain, reaching a new record level, extending a rising trend for the fourth consecutive day, amid a government shutdown in the United States that may boost demand for safe assets.
Gold in the spot market rose to touch $3,875.53 per ounce, surpassing Tuesday’...
Following Sharp Losses.. Oil Prices Stabilize
SadaNews - Oil prices stabilized after declining for two consecutive days, as traders assess the possibility that the OPEC+ alliance may consider accelerating its plans to increase supplies during its meeting scheduled for the end of this week.
Brent crude for December delivery was trading near $66...
Gold Soars to Record Level Amid U.S. Government Shutdown and Rising Economic Fears
SadaNews Economy - The price of gold continued its gains to record a new all-time high, extending a rally for the fourth consecutive day, in light of a government shutdown in the United States that could boost demand for safe-haven assets.
Gold in the spot market rose to touch $3,875.53 per ounce...
Government Shutdown in the United States Takes Effect After Funding Bill Fails
SadaNews - The United States entered a government shutdown at midnight Washington time after the Senate failed to pass a temporary funding bill, halting federal agencies' operations and leaving hundreds of thousands of employees facing suspended salaries and services.
The American Senate rejected l...
Oil Prices Decline Amid Expectations of New OPEC+ Production Increase
SadaNews - Oil prices fell today, Tuesday, after expectations for a new increase in production by the "OPEC+" coalition and the resumption of crude exports from the Kurdistan region of Iraq through Turkey raised concerns about a surplus in supply in the coming period.
Brent crude futures for Novemb...
Gold Shines Amid Crises.. Best Monthly Performance Since 2011
SadaNews Economy - Gold recorded a new record level today, Tuesday, heading towards achieving its best monthly performance since August 2011, supported by fears of a potential U.S. government shutdown and increasing bets on interest rate cuts.
The precious metal rose in spot transactions to reach $...
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Oil Prices Decline Amid Concerns of Oversupply
SadaNews - The price of oil declined at the beginning of the week, amid increasing fears that a new rise in production by the "OPEC+" alliance in November could exacerbate the oversupply in global markets.
Brent crude fell below $70 per barrel, after it had recorded a 5.2% increase last week, while...
Gold Hits New Record Level
SadaNews - The price of gold recorded a new record level today, Monday, supported by a strong rise in precious metals, amid a state of anticipation in the markets regarding the possibilities of a U.S. government shutdown and its impact on the release of crucial job data this week, which could compli...
After Sanctions Are Reimposed.. The Iranian Currency Drops to Its Lowest Level
SadaNews - The Iranian rial recorded its lowest levels against the dollar today, Sunday, after the re-imposition of United Nations sanctions, according to several websites specializing in currency tracking.
According to the unofficial black market rate, the dollar was trading at around 1.12 million...