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Gold Reaches New Peak Supported by Expectations of US Interest Rate Cut
SadaNews - Gold has reached an unprecedented new level today, Monday, surpassing $3,600 per ounce, after weak labor market data in the United States bolstered expectations that the Federal Reserve will cut interest rates next week.
Gold rose 1.4% to $3,639.3 per ounce in spot trading by 16:21 GMT...
Israel and India Sign Agreement to Enhance Mutual Investment
SadaNews - Israel announced today, Monday, that it has signed an agreement with India aimed at enhancing and protecting mutual investment. The Israeli Ministry of Finance explained that it is the first country in the Organization for Economic Cooperation and Development (OECD) to sign such an agreem...
Stability of Gold Prices After Increased Bets on U.S. Rate Cuts
SadaNews - The price of gold traded near its record high reached on Friday, supported by unexpectedly weak U.S. jobs report that prompted traders to increase bets on a Federal Reserve interest rate cut.
The precious metal reached a level approximately $20 lower than its recent peak near $3,600 an o...
China’s Export Growth Slows Amidst Declining Global Demand
SadaNews - China’s export growth slowed in August more than expected, affected by weak external demand and declining prices, which reduced the value of shipments despite an increase in quantities.
According to data from the General Administration of Customs released on Monday, sales abroad rose by...
After OPEC+ Production Increase.. Oil Prices Rise
SadaNews - Oil prices rose following the announcement by the "OPEC+" alliance regarding a modest increase in production starting from next October, in a move that reflects the alliance's caution amid expectations of a global supply glut.
The new agreement is seen as a gradual retrea...
Companies Supporting Israel Acknowledge the Impact of Boycotts: Decline in Profits and Rep...
SadaNews Economy - In a shift reflecting the economic dimension of popular boycotts, major global companies are facing increasing accusations of involvement in supporting Israel, which has made them susceptible to accumulated financial losses that have clearly reflected in global markets.
Shares...
European Steel Industry Threatened with Collapse Due to Chinese Imports and Trump's Tariff...
SadaNews Economy - European steelmakers have warned that the sector faces the risk of collapse under the pressure of cheap Chinese products and the high tariffs imposed by U.S. President Donald Trump, urging Brussels to impose tariffs similar to those in the U.S. on all metal imports.
Ilse Hinze, a...
Microsoft: Customers May Face Delays in Cloud Services Due to Red Sea Cable Disruption
SadaNews - Microsoft has stated that customers of its Azure cloud services platform may experience increased response times following the disruption of several international cables in the Red Sea.
The company added in a status update posted online that data traffic passing through the Middle East...
Norwegian Sovereign Wealth Fund's Decision to Withdraw from Israel Sparks Tensions with Wa...
SadaNews - The decision of the Norwegian sovereign wealth fund, the largest in the world with assets exceeding two trillion dollars, has sparked widespread controversy in Europe and the United States after it announced its withdrawal from investments in 29 companies linked to Israel, including the A...
Lifting of US Restrictions Opens a Window for Syrian Exports and Economic Recovery
SadaNews - In a move described as a strategic shift in the course of Syria, the U.S. administration announced last June the cancellation of most economic sanctions imposed on Damascus. The U.S. Department of Commerce quickly followed suit, announcing a relaxation of restrictions on the export of civ...
Gold Rises to a New Record Level Following U.S. Jobs Data
SadaNews - The price of gold has reached a new record level after U.S. jobs data came in weaker than expected, as the precious metal is on track to post weekly gains for three consecutive weeks, thanks to increased bets on interest rate cuts by the Federal Reserve later this month.
The price of an...
"Goldman Sachs": Gold Prices May Reach $5000 per Ounce
SadaNews - Goldman Sachs has stated that gold prices could soar to nearly $5000 per ounce if the credibility of the Federal Reserve is damaged, and investors decide to shift only a small portion of their holdings in U.S. Treasury bonds into the yellow metal.
The bank's analysts, including Samantha...