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Gold Hits Historic New High with Rate Cut Expectations
SadaNews Economy: Gold has reached a new record level during trading on Monday, supported by increasing investor expectations regarding the potential for interest rate cuts, ahead of statements from several Federal Reserve officials and key inflation data to be released later this week.
Gold soared...
Oil Prices Rise Amidst Refinery Strikes
SadaNews - Oil prices have risen to recover losses from last week, as traders assess the impact of impending European sanctions on Russian supplies and Ukrainian attacks on the energy infrastructure of an OPEC+ member.
Brent crude was trading above $67 a barrel after falling 0.5% last week, while W...
Gold Maintains Its Gains for the Fifth Consecutive Week
SadaNews - The price of gold has maintained its gains for the fifth consecutive week, supported by the U.S. Federal Reserve's decision to cut interest rates for the first time this year, while investors are awaiting key inflation data to be released on Friday to determine the contours of upcoming mo...
Turkish Sovereign Wealth Fund Among the Top 10 in the World
SadaNews - The Turkish Sovereign Wealth Fund "TWF" has entered the list of the world's top 10 sovereign wealth funds, after finishing last year with assets amounting to $360 billion, according to a report by the International Sovereign Wealth Fund Institute "Global SWF".
Successes and Expansion
A...
Trump Declares War on the Media, Threatening to Revoke Licenses of Critics
SadaNews - US President Donald Trump threatened to revoke the licenses of television networks that attack him, in a significant escalation against media freedom. This comes after ABC network suspended Jimmy Kimmel's show following controversial comments. Trump filed a $15 billion lawsuit against...
Gold Price Continues to Decline amid Caution Over the Pace of Interest Rate Cuts
SadaNews Economy - The price of gold continued to decline, as traders remain cautious about future interest rate cuts by the U.S. Federal Reserve and the rise of the dollar has stifled the recent increase in the precious metal.
Gold was trading near $3,647 an ounce, about $60 lower than its histori...
4 Key Indicators on Wall Street Reach Record Levels After Interest Rate Cut
SadaNews Economy - Four major U.S. stock indices soared to all-time highs in perfect harmony yesterday, Thursday, as risk appetite dominated Wall Street after the Federal Reserve announced its first interest rate cut of the year, hinting at more actions to come in the future.
The "Russell 2000" ind...
Jordan's Central Bank Reduces Interest Rates by 25 Basis Points
SadaNews Economy - The Central Bank of Jordan, in its sixth meeting of this year, has decided to lower the main interest rates and other monetary policy instrument rates by 25 basis points, effective next Sunday.
This decision comes based on the committee's assessment of the economic, monetary, and...
Oil Prices Decline Amid Demand Concerns
SadaNews- Oil prices fell during trading on Thursday, September 18, following the U.S. Federal Reserve's decision to implement its first interest rate cut of the year, amid concerns regarding crude demand levels.
In trading terms, Brent crude futures dropped about 0.3% to $67.76 per barrel, while U...
Gold Falls as Dollar Rises Following U.S. Rate Cut
SadaNews Economy - Gold prices declined from their all-time high during trading on Thursday, September 18, as investors absorbed remarks from U.S. Federal Reserve Chair Jerome Powell in his speech following the bank's decision to cut interest rates by 25 basis points.
The Federal Reserve revealed t...
Gulf Banks Lower Interest Rates Following Federal Reserve Decision
SadaNews - Several Gulf central banks announced on Wednesday the reduction of interest rates following a similar decision by the U.S. Federal Reserve.
The Saudi Central Bank (SAMA) decided to cut the repo rate by 25 basis points to 4.75%, and to lower the reverse repo rate by 25 basis points to 4.2...
In Line With Expectations.. The Federal Reserve Cuts Interest Rates by 25 Basis Points for...
SadaNews - The Federal Reserve has cut interest rates by 25 basis points in support of the U.S. labor market after cracks started to appear, abandoning the wait-and-see policy it had followed since the end of last year.
The Federal Open Market Committee voted on Wednesday to reduce the benchmark in...