Arabica futures are seen finishing the year at $1.20 per pound, 0.9% higher than the settlement on Friday, while robusta futures are seen at $1,390 per tonne at end-December, 3.42% up from last week's settlement.
Spot gold was up 0.1% at $1,873.36 per ounce while US gold futures gained 0.3% to $1,871.70. Bullion had gained 1.7% on Wednesday.
In light of the unprecedented challenges facing the current economic situation, and the need to keep decision-makers and consumers alike informed on goods prices in the emirate, the Statistics Centre – Abu Dhabi (SCAD) released the results of the ‘Weekly Goods Price Report’ for the first week of April 2020, where it oversaw and quantified changes in the economy by monitoring the prices of 332 consumer goods, categorised in ten spending groups.
Fuel prices recorded a seventh consecutive hike on Sunday, taking the total increase over the past week to more than Rs4 per litre. Petrol and diesel prices are continuously becoming expensive for the common man with oil marketing companies (OMCs) raising the fuel prices frequently.
Britain’s inflation rate dropped in March when oil prices tumbled and the coronavirus crisis escalated, official data showed on Wednesday, with a fall in clothing and footwear prices signalling how cautious shoppers were turning.
The civic unrest that has turned into a violent uprising against the government in Kazakhstan is a disturbing sign that the security-sensitive region will turn volatile because the development in Kazakhstan is not confined to its territory. They have repercussions beyond
The government announced it would hike fuel prices after an agreement with the IMF that included an end to fuel subsidies, allowing the resumption of aid from a $6 billion package.
Abdulrahman Bin Mohammed Al Owais, Minister of Health and Prevention (Mohap), issued five decisions, including three regarding prices of 221 medicinal products.
The state electricity monopoly said it was imposing the 10-hour power cut, up from a seven-hour outage since the start of the month, because there was no oil to power thermal generators.