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Turkey Records Slight Increase in Inflation for the First Time in 16 Months
SadaNews - Turkey recorded a slight increase in inflation in September, reaching 33.29% year-on-year, compared to 32.95% in August, marking the first rise in over a year, according to official figures released yesterday, Friday.
This slight increase is the first after 16 consecutive months of decli...
Oil Suffers Sharp Weekly Loss Amid Growing Concerns
SadaNews - Oil prices rose at the close on Friday but recorded a weekly loss of 8.1% following news of potential increases in OPEC+ supplies.
Brent crude futures increased by 42 cents, or 0.7%, to $64.53 per barrel, while U.S. West Texas Intermediate crude rose by 40 cents, also 0.7%, to $60.88 per...
Increase in Global Gold Prices
SadaNews Economy - Gold prices have risen, supported by expectations that the Federal Reserve (the U.S. central bank) will lower interest rates this month and increased demand for safe-haven assets amid the ongoing U.S. government shutdown.
Gold rose in spot transactions by 0.6% to $3,887 per ounce...
Following a 7% Decline.. Oil Prices Stabilize
SadaNews - Oil prices stabilized after falling by around 7% this week ahead of the planned "OPEC+" meeting at the end of the week, which may witness a return of more supplies to the market, amid expectations of an oversupply situation.
Brent crude traded below $66 per barrel, while West Texas Inter...
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 $...