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Gold Surges to $4,053 an Ounce Amid Disappointing Data
SadaNews Economy - Gold prices recorded a significant increase during trading on Monday, with the ounce rising by 1.3% or $52, trading above the $4,053 level, driven by disappointing U.S. economic data.
Data from the end of last week showed a decline in U.S. consumer confidence to its lowest levels...
For the First Time in Egypt's History.. Foreign Currency Reserves Exceed 50 Billion Dollar...
SadaNews - The Central Bank of Egypt announced today, Sunday, November 9, 2025, that the net foreign currency reserves have reached the highest value in Egypt's history.
Net Foreign Currency Reserves in October 2025
The Central Bank of Egypt indicated that the net foreign currency reserves reached...
Saudi Drilling Companies Expand in Gas and Abroad After Oil Expansion Freeze
SadaNews - After nearly two years of slowed activity following Saudi Aramco's abandonment of plans to raise its production capacity from 12 to 13 million barrels per day, the Saudi drilling sector is beginning to outline a new phase of growth driven by external expansion, improved operational effici...
Consumer Prices in China Rise in October Due to Holidays
SadaNews - Consumer prices in China unexpectedly rose in October, supported by the holidays during the month which boosted demand for travel, food, and transportation.
The consumer price index increased by 0.2% last month compared to the same period a year earlier, after a decrease of 0.3% in Septe...
Longest Government Shutdown in America Disrupts Economic Data Release
SadaNews - The longest government shutdown in U.S. history has disrupted the release of the jobs report for two months, while the inflation report expected next week is also threatened, deepening uncertainty for the Federal Reserve, which is experiencing unprecedented division in its policies.
The...
China's Foreign Exchange Reserves Rise to $3.3 Trillion
SadaNews Economy - China announced an increase in its foreign exchange reserves to $3.3433 trillion by the end of last October, equivalent to an increase of 0.14 percent compared to the levels at the end of September.
A statement issued by China's National Foreign Exchange Administration indicated...
Jordan's Foreign Reserves Exceed 24 Billion Dollars
SadaNews - Data from the Central Bank of Jordan showed that the foreign currency reserves at the bank rose to a new record level of 24 billion dollars by the end of October this year.
The data indicated that the value of gold assets at the Central Bank of Jordan also reached a new record high of 9....
Gold Prices Approach $4,000 an Ounce as Dollar Declines
SadaNews Economy - Gold prices rose today, Friday, approaching the $4,000 per ounce level, supported by a decline in the U.S. dollar, while the prolonged government shutdown in the United States has raised concerns about the U.S. economic outlook.
The spot gold price increased by 0.3 percent to $3,...
Stability of Oil Prices After a Two-Day Decline
SadaNews - Oil prices stabilized after a two-day decline, as the U.S. Energy Information Administration reported the largest increase in U.S. inventories since July.
West Texas Intermediate crude traded below $60 a barrel after losing 2.4% over the previous two sessions, while Brent crude stabilize...
Gold Prices Near $3980 an Ounce
SadaNews - Gold stabilized after recording its largest gains in about a week, as traders assessed U.S. interest rate expectations following the release of private sector employment data.
The precious metal maintained its level above $3980 an ounce, after rising by 1.2% on Wednesday.
Data from ADP...
US Economy Loses $15 Billion Weekly Due to Government Shutdown
SadaNews - As the US government shutdown enters its sixth week, its repercussions have begun to extend beyond the bounds of administrative paralysis, transforming into an unprecedented economic and political crisis in the history of the United States.
As daily losses escalate and vital social suppo...
Oman Natural Gas Company and Spanish Company "Naturgy" Sign MoU for Supply of One Million...
SadaNews - The Oman Liquefied Natural Gas Company and the Spanish company "Naturgy" have signed a Memorandum of Understanding (MoU) that includes a study for supplying up to one million tons of liquefied gas annually for a period of 10 years starting from 2030, according to a statement published by...