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Gold Prices Decline Under Pressure from Strong Dollar
SadaNews Economy - Gold prices fell today, Friday, under pressure from adjustments to a commodities index, anticipation of U.S. jobs data, as well as a rising dollar, which increased pressure on prices in the short term.
Spot gold price decreased by 0.4% to reach $4,464.57 an ounce, despite being o...
Trump Calls for Increasing Defense Spending to $1.5 Trillion by 2027
SadaNews - American President Donald Trump has called for increasing the annual defense spending of the United States by more than 50% to reach $1.5 trillion by 2027, in an unprecedented jump that he claimed would be funded by revenues generated from tariffs imposed over the past year.
Trump wrote...
Saudi "SABIC" Exits Assets in Europe and the Americas Worth 3.6 Billion Riyals
SadaNews - The Saudi Basic Industries Corporation (SABIC) has completed two separate deals to exit from industrial assets in Europe and the Americas, aiming to simplify operations and focus on higher growth activities and markets, as part of its strategy to enhance operational efficiency and maximiz...
Oil Rises Amid Anticipation of U.S. Actions on Venezuelan Oil
SadaNews - Oil prices have increased slightly as traders anticipate further U.S. actions aimed at tightening control over the Venezuelan oil sector, including a plan to manage future crude sales indefinitely and seizing two additional sanctioned tankers.
Brent crude traded above $60 a barrel after...
Gold and Silver Prices Steady Amid Anticipation of Important US Data
SadaNews - Gold steadied after a nearly 1% decline in the previous session, just ahead of the annual rebalancing of commodity indices, and before major US economic data is released.
The precious metal was trading near $4,455 per ounce, as passive index-tracking funds are expected to start selling f...
Gold prices near $4,466 per ounce
SadaNews - Gold prices have decreased at a time when traders are looking beyond rising geopolitical tensions, anticipating the release of U.S. economic data this week.
The precious metal traded near $4,466 per ounce, after rising more than 4% in the previous three sessions. U.S. President Donald Tr...
Wall Street Predictions for the Dollar's Performance in 2026
SadaNews - After the US dollar faced a significant blow in 2025, pressured by the tariffs imposed by President Donald Trump and the US Federal Reserve's three consecutive interest rate cuts, major banks and Wall Street firms - which did not take into account the developments in Venezuela - lean towa...
"Bloomberg": Saudi Arabia Reduces Its Main Crude Oil Price for Asia for the Third Month
SadaNews - Saudi Arabia has reduced the price of its main crude oil directed to Asia for the third month, amid ongoing indications of an expected surplus in supply.
Saudi Arabia's state-owned company "Aramco" has cut the price of "Arab Light" crude for its customers in Asia to a premium of 30 cents...
The Egyptian Private Sector Concludes 2025 with the Best Quarterly Performance in 5 Years
SadaNews - The non-oil private sector in Egypt concluded last year by achieving business activity growth for the second consecutive month in December, supported by an increase in new orders, thus recording the best quarterly performance in the last quarter since five years. This improvement reflects...
Saudi Arabia Raises $11.5 Billion Through First Dollar Bonds This Year
SadaNews - Saudi Arabia has raised $11.5 billion through the issuance of dollar-denominated bonds, as part of its efforts to leverage global markets to finance massive projects aimed at reducing its economic reliance on oil.
The offering, comprised of four tranches launched on Monday and maturing i...
Oil Prices Stabilize After Recording Largest Weekly Gain
SadaNews - Oil stabilized after its largest weekly gain, as traders assessed expectations regarding Venezuela, while concerns over a global supply surplus continued.
Brent crude was near $62 a barrel, after closing up 1.7% in the previous session, where the U.S. seizure of the Venezuelan president...
Gold Stabilizes Amid Anticipation for U.S. Job Data Following Venezuela Tensions
SadaNews - Gold prices stabilized as traders looked beyond the tensions in Venezuela toward a busy series of economic data in the United States.
The bullion was near $4440 an ounce after rising 2.7% in the previous session, following the arrest of Venezuelan leader Nicolas Maduro.
Uncertainty...