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Gold prices approach $4,324 per ounce
SadaNews - Precious metal markets have experienced severe fluctuations during the American-Israeli war on Iran.
Today, Wednesday, the price of gold was recorded close to $4,324 per ounce, while silver prices approached the $70 per ounce mark.
Experts and analysts link these ongoing fluctuations to...
Housing Leads Construction Recovery in Saudi Arabia Despite Cost Pressures
SadaNews - The Saudi construction sector returned to a growth trajectory in May, supported by a strong revival in residential construction activity and renewed growth in new orders, indicating a recovery of one of the most critical sectors tied to the kingdom's economic diversification agenda af...
The Return of the Strait of Hormuz Drives Wall Street Giants to Lower Oil Price Prediction...
SadaNews - Major banks on Wall Street have lowered their oil price forecasts for the upcoming quarters, amid growing optimism for the return of crude supplies from the Middle East following the temporary agreement to reopen the Strait of Hormuz.
"Morgan Stanley" and "Goldman Sachs" revised their es...
Oil Markets in the Middle East Decline Due to Optimism About Supply Increases
SadaNews - Oil markets in the Middle East have declined after the agreement between the United States and Iran to reopen the Strait of Hormuz boosted optimism about increased flows from the oil-rich region.
The futures curve for benchmark crude oils, such as "Dubai" and "Murban", has shifted to a "...
Bank of Japan Raises Interest Rates to Highest Level in 31 Years
SadaNews - The Bank of Japan has raised its benchmark interest rate to the highest level since 1995, indicating that further normalization of monetary policy is still on the table during a monetary policy meeting held in the absence of the governor.
The Bank of Japan raised the benchmark interest r...
U.S. Stocks Rise amid Expectations of Strait of Hormuz Reopening and Easing Inflation Conc...
SadaNews - U.S. stocks rose after the United States and Iran reached a temporary agreement to reopen the Strait of Hormuz, which led to a drop in oil prices and eased inflation fears ahead of Kevin Warsh's first meeting as Chairman of the Federal Reserve this week.
Shares of "SpaceX" rose by 20%, b...
U.S. Oil Reserves Drop to Lowest Level in 43 Years
SadaNews - The United States' emergency crude oil stockpile has fallen to its lowest level since 1983, as the Trump administration nears the completion of its plan to release 172 million barrels to alleviate the rise in fuel prices caused by the war in Iran.
According to data from the Department of...
Gold Maintains Gains Amid Anticipation of Opening the Strait of Hormuz This Week
SadaNews - Gold maintained its gains following U.S. President Donald Trump's declaration about the possibility of reopening the Strait of Hormuz on Friday, which is likely to alleviate the shock caused by energy and inflation in global markets.
The price of gold approached $4,326 an ounce, after ri...
Washington and Tehran Agreement Pushes Bitcoin to Highest Level in Two Weeks
SadaNews - Bitcoin has risen to its highest level in nearly two weeks today, Monday, as risk appetite improved in the markets following the announcement that the United States and Iran reached an agreement to end the conflict and reopen the Strait of Hormuz.
The largest cryptocurrency surged by 1.9...
Trump: Oil Ships Begin Moving Outside the Strait of Hormuz
SadaNews - President Donald Trump stated on Monday that oil-laden ships have started moving outside the Strait of Hormuz.
The U.S. President added, "The oil-laden ships are safely crossing from the southern route of the Strait of Hormuz, and there are other pathways available for navigation."
On...
Crop Prices Decline with Anticipation of the Reopening of the Strait of Hormuz
SadaNews - Futures contracts for grains in Chicago have declined, as a potential reopening of the Strait of Hormuz could improve access to vital inputs for crops, helping to mitigate risks threatening food inflation due to the ongoing war for months.
The United States and Iran have announced that t...
Slight Acceleration of Saudi Inflation with Rising Transportation and Food Prices
SadaNews - The transportation and food sectors have strengthened their contributions to driving inflation in Saudi Arabia during May 2026, at a time when the pressures resulting from housing costs, which have been the main driver of prices over the past two years, began to gradually decline.
Data f...