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Rising Oil Prices Amid Assessment of the Implications of Trump's Threat to Impose Tariffs...
SadaNews - Oil prices have risen for the third consecutive session as investors continue to assess the implications of U.S. President Donald Trump's threats to impose tariffs on importers of Russian crude, in addition to the implications of the Israeli attack in Doha that targeted leaders of the...
Stability of Gold Price Near Its Record Levels
SadaNews - The price of gold remained stable near its record levels, while investors are awaiting U.S. inflation data that could bolster expectations for interest rate cuts by the Federal Reserve.
The price of gold remained largely unchanged at around $3,635 per ounce, after surpassing $3,674 on...
Oil and Gold Prices Surge After Israel Targets Hamas Leaders in Qatar
SadaNews - Oil and gold prices rose after the Israeli army targeted leaders of the "Hamas" movement in the Qatari capital, Doha.
The price of Brent crude jumped by up to 1.5% reaching $67 per barrel, while West Texas Intermediate rose by about 1.7% to $63.
The price of gold also surged, breaking t...
Ethiopia Launches "Grand Ethiopian Renaissance Dam" Amid Rising Tensions with Egypt and Su...
SadaNews Economy - Ethiopia officially inaugurated today, Tuesday, the Grand Ethiopian Renaissance Dam, which is considered the largest hydroelectric power facility in Africa, at a cost exceeding 5 billion dollars. This opening comes despite strong objections from Egypt and Sudan, which see the dam...
Global Bonds Rise 20% from Their Lowest Levels in 2022 Amid Anticipation of Interest Rate...
SadaNews - The global bond index has risen by more than 20% from its lowest level in 2022, as weak U.S. labor market data has bolstered expectations that the Federal Reserve will intensify monetary easing measures.
The Bloomberg Global Bond Index, which tracks the debts of countries and corporation...
Stability in Oil Prices After Saudi Arabia's Price Cuts and Anticipation of Demand Decline
Oil prices stabilized as investors assessed the prospects of declining demand after Saudi Arabia lowered prices for most of its crude grades.
Brent crude traded near $66 per barrel after closing up 0.8% on Monday, while West Texas Intermediate remained above $62. Saudi Aramco, the state-owned produ...
New Record Levels for Gold Prices Amid Interest Rate Cut Bets
SadaNews - Today, Tuesday, the price of gold recorded a new record level due to increasing expectations of a rate cut in the United States following weak U.S. employment data released last week.
The price of the precious metal rose by 0.3% to over $3,647 per ounce, surpassing Monday's peak and driv...
Gold Reaches New Peak Supported by Expectations of US Interest Rate Cut
SadaNews - Gold has reached an unprecedented new level today, Monday, surpassing $3,600 per ounce, after weak labor market data in the United States bolstered expectations that the Federal Reserve will cut interest rates next week.
Gold rose 1.4% to $3,639.3 per ounce in spot trading by 16:21 GMT...
Israel and India Sign Agreement to Enhance Mutual Investment
SadaNews - Israel announced today, Monday, that it has signed an agreement with India aimed at enhancing and protecting mutual investment. The Israeli Ministry of Finance explained that it is the first country in the Organization for Economic Cooperation and Development (OECD) to sign such an agreem...
Stability of Gold Prices After Increased Bets on U.S. Rate Cuts
SadaNews - The price of gold traded near its record high reached on Friday, supported by unexpectedly weak U.S. jobs report that prompted traders to increase bets on a Federal Reserve interest rate cut.
The precious metal reached a level approximately $20 lower than its recent peak near $3,600 an o...
China’s Export Growth Slows Amidst Declining Global Demand
SadaNews - China’s export growth slowed in August more than expected, affected by weak external demand and declining prices, which reduced the value of shipments despite an increase in quantities.
According to data from the General Administration of Customs released on Monday, sales abroad rose by...
After OPEC+ Production Increase.. Oil Prices Rise
SadaNews - Oil prices rose following the announcement by the "OPEC+" alliance regarding a modest increase in production starting from next October, in a move that reflects the alliance's caution amid expectations of a global supply glut.
The new agreement is seen as a gradual retrea...