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Gold Rises After Progress in Talks Between Washington and Tehran
SadaNews - Gold rose after negotiators announced progress in talks between the United States and Iran to reach a lasting solution to the war that has disrupted global markets.
The precious metal climbed by up to 1.6% to exceed $4,190 an ounce, erasing losses from last week, after Qatar and Pakist...
Morocco Calls for Accelerating the Activation of African Free Trade
SadaNews - The President of the House of Advisors (the second chamber of the Moroccan Parliament), Mohammed al-Rachid, called for accelerating the activation of the African continental free trade area, with the aim of contributing to "lifting 30 million people out of extreme poverty".
Al-Rachid sta...
Expected Acceleration of U.S. Inflation in May May Strengthen Rate Hike Bets
SadaNews - The latest data on the inflation index most closely monitored by the Federal Reserve is unlikely to pose a challenge to the growing consensus within the U.S. central bank regarding the need to raise interest rates this year.
The Personal Consumption Expenditures Price Index, set to be...
أسعار الذهب تُسجل قرب 4.160 دولاراً للأونصة
Data Indicates Continued Maritime Traffic in Hormuz on Saturday Despite Iran's Warning
SadaNews - Data from "Lloyd's List Intelligence" showed that ships continued to enter and exit the Gulf area through the Strait of Hormuz, despite Iran's announcement to close the vital maritime passage to traffic.
"Lloyd's List" mentioned in a post on the "X&...
China's Refined Oil Exports Rise in May Despite Imposed Restrictions
SadaNews Economy - China's exports of gasoline, diesel, and jet fuel rose in May compared to April, to key destinations in Southeast and South Asia, although they still remain significantly lower than last year's levels due to export restrictions imposed due to the Iran war, aimed at protecting dome...
Breakthrough in the Strait of Hormuz Injects Billions into Global Equity Funds
SadaNews Economy - Global equity funds witnessed an unprecedented investment surge, the largest in 19 months, during the week ending June 17, driven by a wave of overwhelming optimism among investors. This strong rebound followed the announcement of a temporary agreement between the United States an...
European and Asian Stocks Decline as U.S.-Iran Peace Talks Stumble
Economy SadaNews - European stocks fell during Friday's trading amid cautious sentiment among investors following the cancellation of U.S.-Iranian talks aimed at ending the conflict in the Middle East, prompting traders to shy away from higher-risk assets.
The European "Stoxx 600" index decreased b...
Gold Set to Suffer Third Consecutive Weekly Loss under Dollar Strength Pressure
SadaNews Economy - Gold prices are heading towards recording their third consecutive weekly loss, having dropped by more than 2 percent during Friday's trading, affected by the rise of the U.S. dollar to its highest level in a year, alongside increasing expectations for the continuation of the Feder...
Governor of Saudi Sovereign Fund: We are committed to all our investments and strategies w...
SadaNews - Yasser Al-Rumayyan, the Governor of the Saudi Public Investment Fund, confirmed that the fund will remain committed to all its investments and strategies across the globe, despite the geopolitical conditions affecting the region, noting that the fund is "a long-term investor and is charac...
How did the markets react to the signing of the Iran agreement and the Federal Reserve's d...
SadaNews - U.S. stock futures rose and oil prices fell after U.S. President Donald Trump signed a temporary agreement to end the war with Iran and reopen the Strait of Hormuz, which contributed to improved risk appetite after signals of monetary tightening from the Federal Reserve.
Futures linked t...
