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Gold Slumps 6% as Interest Rates Rise
March 23rd, 2026 - 11:16 GMT

Gold Slumps 6% as Interest Rates Rise

Gold prices have come under significant pressure, falling 6% on Monday after a 10% decline last week, as shifting macroeconomic conditions weigh heavily on the precious metal. March is now shaping up to be one of the weakest months on record for gold, with prices down nearly 21% since the beginning of the month. Traditionally viewed as a safe-haven asset during periods of geopolitical uncertainty, gold is currently facing headwinds from rising inflation expectations and a rapidly evolving interest rate outlook. The escalation of conflict in the Middle East has ...
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Al Bawaba
June 1st, 2015 - 07:48 GMT

Drake & Scull Engineering awarded series of major contracts worth AED 350 million in Oman in Q2 2015

Al Bawaba
June 1st, 2015 - 06:00 GMT

Asian tigers not hungry for GCC exports

Al Bawaba
June 1st, 2015 - 04:41 GMT

United Development Company appoints Ibrahim Al-Othman as CEO

MENA spending accounts for 14 percent of global wellness tourism spending. (Shutterstock)
June 1st, 2015 - 04:28 GMT

Just chillax: MENA wellness tourism growth at the top of the table

Al Bawaba
May 31st, 2015 - 03:00 GMT

The price to pay for art? Iranian painting breaks Tehran auction record at $845K

Dubai Gold and Commodities Exchange
May 31st, 2015 - 09:34 GMT

DGCX introduces data enriched Website

Al Bawaba
May 31st, 2015 - 08:47 GMT

Israel expects Germany to lead fight against boycotts, product labeling from West Bank

Al Bawaba
May 28th, 2015 - 08:36 GMT

Nakheel's 'The Pointe' mega-complex leases 100 units prior to completion

Al Bawaba
May 28th, 2015 - 06:27 GMT

Egypt: Military establishes multi-sector conglomerate

Al Bawaba
May 28th, 2015 - 04:42 GMT

Biolab holds Bioland Educational Day at the Children Museum

Al Bawaba
May 27th, 2015 - 11:36 GMT

Khalaf Al Habtoor eyes Tajikistan Investment

Amin Khayyal, General Manager, DuPont United Arab Emirates
May 27th, 2015 - 10:21 GMT

MENA Region made largest strides in Food Security with gain of 2.4 points

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