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Market shock: Silver sets record while gold and platinum soar
December 26th, 2025 - 11:07 GMT
Osama Ali

Osama Ali

Market shock: Silver sets record while gold and platinum soar

ALBAWABA - Silver broke the $75-per-ounce barrier for the first time on Friday. Gold and platinum also hit record highs, driven by anticipations of more U.S. interest rate cuts and escalating global geopolitical tensions. In spot trading, gold prices saw a significant increase, reaching approximately $4,512 an ounce. This followed a brief period where they surpassed $4,530 earlier in the day. U.S. gold futures also rose, suggesting ongoing investor interest ...
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Al-Sayed said the open-door policy of the seventies and the economic reform programme at the beginning of the nineties led to a rapid economic transformation.
December 25th, 2014 - 04:55 GMT

Merry Christmas indeed! 2014 declared Egypt's best economic year since January 2011

Al Bawaba
December 24th, 2014 - 05:46 GMT

A coal coalition between Egypt and China sees a renewed burst of energy for joint power generation

Al Bawaba
December 24th, 2014 - 02:24 GMT

With some items expired for 20 years, Lebanon's airport food storage conditions deemed 'disastrous'

Al Bawaba
December 24th, 2014 - 01:43 GMT

When helping NGOs does not pay off: Police arrest Israeli deputy minister Fania Kirshenbaum on charges of funneling funds to non-profit organizations

Al Bawaba
December 24th, 2014 - 12:04 GMT

Lebanese banks on the straight and narrow, complying with international law - World Union of Arab Bankers

Al Bawaba
December 24th, 2014 - 11:20 GMT

Evaporating hopes: US-Israeli gas deal a step closer to being scrapped

Authority will soon replace power meters in all residential, commercial and industrial buildings in Sharjah
December 24th, 2014 - 05:14 GMT

Sharjah on a power high! Smartens up its act with 'smart meters' to read electricity and water consumption

The rate of rental growth in the UAE emirate is slowing with no change recorded in prime rents in the three months to the  end of September
December 24th, 2014 - 04:40 GMT

Dubai losing grip as global rental growth supremo, seeing end-of-year prime rentals growth stagnation

Al Bawaba
December 23rd, 2014 - 08:14 GMT

Kingdom cuts the wire transfer off: Jordan bank suspends Samhouri Exchange for alleged violations

Al Bawaba
December 23rd, 2014 - 07:57 GMT

Egypt subscribes to climate control! Poised to sign a 70M Euro agreement for pollution reduction

Al Bawaba
December 23rd, 2014 - 07:37 GMT

Iraq's new year spending plan sees holes: Draft 2015 budget computes a 23 trillion dinar deficit

Al Bawaba
December 23rd, 2014 - 12:57 GMT

Forget fossil fuels, it is high time that Arab countries looked to nuclear power, suggests AAE chief

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