No matching items found
Picture used for illustrative purpose. File
Gulf Today Report
Gold advance on Monday as the prospect for a US monetary stimulus to aid the economy outweighs hope for a COVID-19 vaccine being made available next month.
Spot gold rose 0.2% to $1,873.51 per ounce by 05:10 GMT and US gold futures were little changed at $1,871.70.
US Treasury Secretary Steven Mnuchin on Friday said the Fed and Treasury have a lot of tools left to aid the economy.
Expo Sharjah upbeat on exhibition sector recovery
RBI committee suggests raise in capital amounts for new banks
Abu Dhabi reports revenue rise from tourism activity in Q3
According to Michael McCarthy, chief strategist at CMC Markets, the lack of a fiscal package being injected into the economy is good for gold.
Wang Tao, a technical analyst said, from the technical front, gold may retest support at $1,855 per ounce, a break below which could cause a fall to $1,841.
Silver firmed 0.5% to $24.25 an ounce. Platinum rose 0.1% to $946.43, while palladium gained 0.6% to $2,339.56.
Spot gold was down 0.3% at $1,734.31 per ounce by 03:45 GMT while US gold futures were also down 0.3% at $1,733.70 per ounce.
Spot gold was steady at $1,711.61 per ounce by 02:57 GMT while US gold futures dipped 0.3% to $1,710.20.
Spot gold rose 0.4% to $1,707.81 per ounce by 05:23 GMT while US gold futures climbed 0.4% to $1,704.90.
Spot gold was up 1% at $1,750.24 per ounce by 05:44 GMT, after rising as much as 1.1% earlier in the session while US gold futures rose 1.1% to $1,748.50.
China’s new bank loans fell more than expected in April while money supply growth slowed to a 21-month low, as the central bank gradually scales back pandemic-driven stimulus to reduce debt and financial risks in hot areas of the economy. The world’s second-largest
Toyota Motor Corp forecast its profit would bounce back to pre-pandemic levels this year, as the world’s biggest automaker exuded confidence it can tackle a global chip shortage that has stung its rivals. Japan’s top automaker, which has been stockpiling the
The Danish Government has confirmed its official participation in Expo 2020 Dubai, partnering the Danish Business Council at the six-month global gathering. Reem Bint Ibrahim Al Hashemy, Minister of State for International Cooperation, and Director General
Oil prices rose on Wednesday after a drop in US crude inventories reinforced Opec’s robust demand outlook, while the market awaited fresh updates on the Colonial Pipeline outage. US West Texas Intermediate (WTI) crude futures rose 29 cents, or 0.44%, to $65.57