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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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"The power of convincing will prevail tomorrow... I am confident that OPEC is capable of taking a very unified position," Naimi said
November 27th, 2014 - 12:30 GMT

A consensus to fight over market share: OPEC heads towards no ouput cut

Al Bawaba
November 27th, 2014 - 11:33 GMT

More like the 'big bang' mall? Kuwait's Mabanee to splurge $910 million on fourth phase of Avenues Mall

Lakkotrypis said the best way for Cyprus to export to Egypt was directly via a pipeline.
November 27th, 2014 - 04:55 GMT

In addition to Israeli gas? Egypt has its eyes set on Cypriot gas

An official said on Wednesday that the bank is expecting to attract an initial Rs1 billion ($16.4 million) to the fund.
November 27th, 2014 - 04:55 GMT

India’s largest state-owned bank to launch Islamic fund

Venezuela, a noted price hawk, would try for an output agreement within OPEC on Thursday instead.
November 26th, 2014 - 07:28 GMT

The pretext to a vicious supply game? OPEC's major oil powers fail to reach 'impromptu' agreement on output

Al Bawaba
November 26th, 2014 - 07:15 GMT

No throwing up (hopefully)! World's largest roller coaster restaurant opens in Abu Dhabi


Key will be what the club's biggest producer and exporter Saudi Arabia decides.
November 26th, 2014 - 12:09 GMT

Oil sinks below $80 as signs of output cut fade

The firm will be charged with "corruption of foreign public officials",  in a case that dates back some 20 years.
November 26th, 2014 - 11:33 GMT

Totally messed up: Total to finally face charges over bribing Iranian officials

Al Bawaba
November 26th, 2014 - 11:26 GMT

Reeking in exceptional profits: Emaar cash dividends reach $4.66 billion

Al Bawaba
November 26th, 2014 - 09:07 GMT

Counting those calories! Dubai-based food chain Kcal to expand in Egypt

Al Bawaba
November 26th, 2014 - 08:48 GMT

Clean figures: UAE kitchen and bathroom imports to hit $30 billion

Ninety international rights and labour groups called in a joint statement Sunday for urgent action to protect migrant workers.
November 25th, 2014 - 09:44 GMT

They can finally get a day off! Gulf states agree on new contract for domestic workers

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