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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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S&P affirms Emirates Development Bank's 'AA-' Credit Rating with Stable Outlook
May 23rd, 2023 - 08:19 GMT

S&P affirms Emirates Development Bank's 'AA-' Credit Rating with Stable Outlook

Al Masaood Automobiles to Offer ‘Mega Sale’ on Pre-Owned Nissan Vehicles for a Limited Time Only
May 23rd, 2023 - 07:49 GMT

Al Masaood Automobiles to Offer ‘Mega Sale’ on Pre-Owned Nissan Vehicles for a Limited Time Only

Gold prices in Amman Today Wednesday 23 May 2023
May 23rd, 2023 - 06:04 GMT

Gold prices in Amman Today Wednesday 23 May 2023

Gold prices in KSA Today Tuesday 23 May 2023
May 23rd, 2023 - 05:58 GMT

Gold prices in KSA Today Tuesday 23 May 2023

Gold prices in Doha Today Tuesday 23 May 2023
May 23rd, 2023 - 05:49 GMT

Gold prices in Doha Today Tuesday 23 May 2023

Gold prices in UAE Today Tuesday 16 May 2023
May 23rd, 2023 - 05:42 GMT

Gold prices in UAE Today Tuesday 23 May 2023

Fortress Management and Mubadala to acquire Fortress Investment Group
May 23rd, 2023 - 04:18 GMT

Fortress Management and Mubadala to acquire Fortress Investment Group

Fed may raise US interest rates to 6.5%
May 22nd, 2023 - 01:41 GMT

Fed may raise US interest rates to 6.5%

Annual inflation in Morocco rises to 7.8%
May 22nd, 2023 - 01:01 GMT

Annual inflation in Morocco rises to 7.8%

Lego Ferrari convertible unveiled at Danish amusement park
May 22nd, 2023 - 10:16 GMT

Lego Ferrari convertible unveiled in Denmark

Dubai diamond exchange partners with sotheby’s to host unveiling of world’s largest ruby and most vivid pink diamond
May 22nd, 2023 - 09:43 GMT

Dubai diamond exchange partners with sotheby’s to host unveiling of world’s largest ruby and most vivid pink diamond

Oil prices slipped on Monday to $74.85 and $70.96 per barrel of Brent and West Texas Intermediate (WTI) crudes, respectively
May 22nd, 2023 - 09:38 GMT

Stuck in OPEC+’ trap, oil prices fall again

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