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Gold price heading for slight weekly loss as interest rate cut chances fade
SadaNews - The gold price is heading toward a slight weekly decline, after the latest US jobs report showed mixed signals that were not sufficient to push the Federal Reserve toward a rate cut.
The price of the precious metal dropped to about $4,037 an ounce on Friday, down approximately 0.5% for t...
Slight Decline in Gold Prices with Rising Dollar
SadaNews Economy - Gold prices have slightly decreased during trading on Thursday, November 20, amid a rising dollar and reduced bets on a Federal Reserve interest rate cut next month.
In terms of trading, the price of gold futures fell to $4,066.60 per ounce.
The dollar index has risen to its hig...
Major Arms Deal South Korea Aims for with UAE Worth $15 Billion
SadaNews - South Korea is working to enhance its relationships with buyers in the Middle East as part of its efforts to secure potential arms contracts worth up to $15 billion in the UAE, benefiting from its successes in Europe to establish its reputation as a reliable arms supplier.
South Korean P...
Oil Prices Decline Amid Concerns of Oversupply
SadaNews - Oil prices fell on Wednesday after a report from the sector showed an increase in crude and fuel inventories in the United States, the world's largest oil consumer, which heightened growing concerns that supply exceeds demand in the market.
Brent crude futures dropped by 0.2% to $64.76 a...
Gold Rises Amid Anticipation of Fed Minutes and US Jobs Report
SadaNews Economy - Gold prices shifted to rise on Wednesday as investors awaited the minutes of the Federal Reserve's last meeting and the US jobs report, which may provide additional indicators regarding the future path of interest rates.
Gold rose in spot transactions by 0.6% to $4094.67 per ounc...
China Begins Promoting Sovereign Bonds to Raise Approximately 4 Billion Euros
SadaNews - China has started promoting euro-denominated sovereign bonds to raise up to 4 billion euros ($4.6 billion), according to a person familiar with the matter, just days after a strong demand for dollar-denominated bonds was introduced.
The Ministry of Finance is looking to price the four-ye...
China Boosts Its Reserves with 15 Tons of Gold in September
SadaNews - China added an estimated 15 tons of gold to its foreign exchange reserves in September, as central bank purchases of the precious metal accelerated following a seasonal lull during the summer, according to Goldman Sachs.
Analysts, including Lena Thomas, estimated that total central bank...
Stability of Oil Prices Amid Geopolitical Risks
SadaNews - Oil prices stabilized as investors assess the impact of a potential supply surplus against U.S. sanctions on Russia that have disrupted some crude flows.
Brent crude traded near $64 a barrel after a slight loss in the previous session, while West Texas Intermediate crude was below $60....
Gold Records Near $4,015 Amid Awaiting American Data Due to Government Shutdown
SadaNews - Gold prices recorded close to $4,015 an ounce on Tuesday, following three days of losses driven by fading expectations of an interest rate cut in the United States next month. While investors and policymakers await a slew of delayed data after the longest government shutdown in U.S. histo...
Serbia Ready to Increase Spending to Regain Control of the Only Oil Refinery from Russia
SadaNews - Serbia has expressed its readiness to pay a higher price to regain control of the oil refining company "NIS AD", while looking for ways to separate the Russian-owned company from intensified U.S. sanctions, according to President Aleksandar Vučić on Sunday.
Vučić said during...
"Airbus" is Set to Win Most of the "Fly Dubai" Deal at the Dubai Airshow
SadaNews - Airbus is preparing to achieve an early strategic victory at the Dubai Airshow, after a large order that was expected to go to its rival Boeing has turned in favor of the European aircraft manufacturer.
Airbus is expected to win the vast majority of the ongoing negotiations with Flydubai...
Electricity Production in Syria Increases to About 2400 Megawatts
SadaNews - Electricity production in Syria has risen to about 2400 megawatts, allowing for a noticeable improvement in electricity supply in several provinces, including supplying the capital, Damascus, with electricity for 24 hours for the first time since 2011, according to Mohammad Fadila, direct...