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Gold Prices Exceed Record Levels Amid Rising Geopolitical Tensions
SadaNews Economy - The price of gold surpassed $4,600 per ounce for the first time today, Monday, while silver prices soared to an all-time high, supported by a state of geopolitical and economic uncertainty, as well as rising expectations for a reduction in U.S. interest rates.
Gold prices in the...
Increase in Local Production and Rising Prices Reduce Egypt's Wheat Imports
SadaNews - Egypt's wheat imports declined by about 8% last year to 13.2 million tons.
The decrease in wheat imports is attributed to a rise in global prices by about 6%, reaching $250 per ton in 2025, in addition to a decrease in domestic demand for "fino" bread due to a decline in the purchasing p...
Global Banks: AI Investments Await a Promising Year in 2026
SadaNews - The global banks have agreed that artificial intelligence was a powerful driver of economic activity in 2025 amidst the rapid transformations occurring worldwide in this field. While most still expect the investment momentum in the sector to continue through 2026, there are varying views...
Expectations of Rising US Inflation Following Mixed Data in November
SadaNews - It is likely that inflation recorded a slight increase in the United States during December 2025, reflecting a continued gradual decline in pricing pressures.
Estimates indicate that the core Consumer Price Index, which excludes food and energy to measure core inflation, rose by 2.7% y...
Gold Continues to Shine in 2026 Despite the Largest Surge in Nearly Half a Century
SadaNews - After one of the most explosive surges in modern market history, few investors expect gold to replicate the same performance in 2026. However, many top fund managers continue to bet on ongoing gains, arguing that the factors driving the precious metal to record levels remain in place.
Go...
Trump Calls for Capping Credit Card Interest Rates at 10% for One Year
SadaNews - President Donald Trump has called for a temporary cap on credit card interest rates at 10% for one year, starting January 20, 2026, without providing details on the legal mechanisms to implement the decision or how to compel companies to comply.
In a post on the "Truth Social" platform,...
Global Oil Prices Rise
SadaNews Economy - Oil prices rose by 2% as concerns about supply increased last night, Friday.
Brent crude futures rose by $1.35 or 2.18% to settle at $63.34 per barrel.
West Texas Intermediate (WTI) crude increased by $1.36 or 2.35% to $59.12.
Gold Prices Decline Under Pressure from Strong Dollar
SadaNews Economy - Gold prices fell today, Friday, under pressure from adjustments to a commodities index, anticipation of U.S. jobs data, as well as a rising dollar, which increased pressure on prices in the short term.
Spot gold price decreased by 0.4% to reach $4,464.57 an ounce, despite being o...
Trump Calls for Increasing Defense Spending to $1.5 Trillion by 2027
SadaNews - American President Donald Trump has called for increasing the annual defense spending of the United States by more than 50% to reach $1.5 trillion by 2027, in an unprecedented jump that he claimed would be funded by revenues generated from tariffs imposed over the past year.
Trump wrote...
Saudi "SABIC" Exits Assets in Europe and the Americas Worth 3.6 Billion Riyals
SadaNews - The Saudi Basic Industries Corporation (SABIC) has completed two separate deals to exit from industrial assets in Europe and the Americas, aiming to simplify operations and focus on higher growth activities and markets, as part of its strategy to enhance operational efficiency and maximiz...
Oil Rises Amid Anticipation of U.S. Actions on Venezuelan Oil
SadaNews - Oil prices have increased slightly as traders anticipate further U.S. actions aimed at tightening control over the Venezuelan oil sector, including a plan to manage future crude sales indefinitely and seizing two additional sanctioned tankers.
Brent crude traded above $60 a barrel after...
Gold and Silver Prices Steady Amid Anticipation of Important US Data
SadaNews - Gold steadied after a nearly 1% decline in the previous session, just ahead of the annual rebalancing of commodity indices, and before major US economic data is released.
The precious metal was trading near $4,455 per ounce, as passive index-tracking funds are expected to start selling f...