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Gold prices record near $5,011 per ounce... and silver near $80
SadaNews - Gold prices recorded about $5,011 per ounce today, Wednesday, March 18, according to available trading data.
Silver prices also recorded about $80 per ounce during today's sessions.
Gold and silver prices continue to fluctuate amid the political tensions experienced by the world regardi...
Funds Flow into Malaysia as Iran War Shakes Asian Markets
SadaNews Economy - Even before the Iran war ignited a surge in energy prices, Malaysia had emerged among Southeast Asia's economies as a new preferred destination for global investors.
A rare period of political stability, combined with investment flows into high-value manufacturing and data center...
Australia Raises Interest Rates Amid Rising Inflation Pressures Due to Iran War
SadaNews - The Central Bank of Australia on Tuesday raised the main interest rate for the second consecutive meeting as it escalates its battle against stubborn inflation, at a time when high energy costs stemming from the widening war in Iran threaten to intensify price pressures.
The Reserve Bank...
Iraq: We are in contact with Iran to allow oil tankers to pass through the Strait of Hormu...
SadaNews - The Iraqi News Agency reported today, Tuesday, that the Minister of Oil stated that Baghdad is in contact with Iran to allow some oil tankers to pass through the Strait of Hormuz, as part of its efforts to alleviate the impact of the disruption of crude exports following recent attacks on...
Asian Container Shipping Companies Experience Shift in Operations Amid Iran War
SadaNews - The profits of container shipping companies in China and Taiwan reflect how the sector is coping with global disruptions, as the war on Iran undermines hopes for reopening the Red Sea and pushes shipping prices up, providing a welcome relief after a year of declining profits.
Both "Orien...
US diesel price surpasses $5 per gallon amid Iran war
SadaNews - Diesel prices in the United States have risen to over $5 per gallon for the first time since December 2022, amid the ongoing Iran war disrupting supplies, adding new pressures on broad sectors within the world’s largest economy.
The national average retail price reached $5.044 pe...
Oil Rises as Supply Threats Escalate Amid Ongoing War with Iran
SadaNews - Oil prices rose following their first decline in nearly a week, as Iran escalated its attacks on energy infrastructure in the Arabian Gulf region.
Brent crude prices increased towards $105 per barrel after losing 2.8% on Monday, while West Texas Intermediate crude was trading near $98....
Trump Requests to Postpone Summit with Chinese Counterpart for a Month Due to Iran War
SadaNews - President Donald Trump said that he has requested China to postpone a summit that was scheduled to be held with his Chinese counterpart Xi Jinping for about a month, indicating that it is important for him to remain in Washington to oversee the war with Iran.
During an event at the Whi...
Gold Stabilizes as Traders Assess Inflation Risks and Oil Supply Shock
Sada News - Gold moved within a narrow range as traders balanced inflation risks against attempts to contain the oil supply shock stemming from the war in the Middle East.
The precious metal rose by up to 0.5% to remain above the $5,000 per ounce mark, after falling 0.3% in the previous session.
O...
Technology Boosts U.S. Futures as Fed Decision Awaits
SadaNews Economy - U.S. stock index futures rose on Monday, led by gains in "Meta" stocks, following a report that the tech giant is preparing for widespread layoffs in the artificial intelligence sector. This comes as rising crude oil prices due to the ongoing conflict in the Middle East dampened i...
Ministry of Energy: Global gasoline prices of both types rise by 27.4% in the second week...
SadaNews - Fuel prices experienced a notable rise during the second week of March, according to the global price bulletin, amid varying increases that included gasoline, diesel, kerosene, and fuel oil, while the price of liquefied petroleum gas remained stable.
According to data published by the Mi...
Aluminum Prices Rise as Bahrain's Alba Reduces Production
SadaNews - Aluminum prices have increased after one of the world's largest smelters halted about a fifth of its production capacity, deepening the risk of supply shortages as the Iran war chokes supply coming from the Middle East.
On Sunday, Aluminum Bahrain announced that it has begun a gradual sh...