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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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Iraq's oil supplies were held back by decades of war and sanction
October 27th, 2014 - 07:42 GMT

What IS? Iraq oil exports undettered by regional turmoil

Oil prices have fallen by a quarter since June as excess supply and weaker demand create a glut on world markets.
October 27th, 2014 - 05:51 GMT

Staying positive: Gulf countries 'upbeat' despite oil price crash

During the meeting, Hollande and Alwaleed discussed political, economic and cultural matters.
October 27th, 2014 - 05:15 GMT

Business in the Elyséé Palace: Al-Waleed bin Talal, Hollande and CEOs meet over momentous Saudi-French investments

The report said the reserves had increased by $15.7 billion in the first six months of the year.
October 27th, 2014 - 02:09 GMT

Kuwait reserves for future generations hit $598 billion

Al Bawaba
October 27th, 2014 - 04:55 GMT

It certainly has the profits to finance it: Arab Bank commences US appeal against Hamas support allegations

But it is not in Aabar’s interests to derail the deal as a failed merger could drive down shares in the stock market.
October 27th, 2014 - 04:55 GMT

Playing with fire? Abu Dhabi State Fund demands a hefty $22 billion to seal banking deal with Malaysia

Millions of people are being spied on by free apps they have installed on their mobile phones, security experts have warned.
October 26th, 2014 - 02:03 GMT

No such thing as a free flashlight? Free Apps 'spying' on millions of phones

Oil prices had an impact on SABIC’s earnings through the prices of raw materials and final products
October 26th, 2014 - 01:38 GMT

The power of wishful thinking: Saudi SABIC's CEO says oil price downfall is 'temporary', despite profit slide

Political instability has scared off wealthy Gulf Arab tourists and some investors.
October 26th, 2014 - 01:20 GMT

Lebanon to direct resentment of Syrian refugees towards $1 billion fiscal stimulus package in 2015

Supply to the market – both domestically and for exports – may differ from production depending on the movement of barrels in and out of storage.
October 26th, 2014 - 04:55 GMT

Saudi Arabia's new oil tactic? Produce more, supply less

Al Bawaba
October 26th, 2014 - 04:55 GMT

OECD ‘seriously concerned' about how Turkey investigates bribery

The transaction completes the financial restructuring of Doux that filed for insolvency over two years ago.
October 24th, 2014 - 07:59 GMT

Converting them to halal? Saudi Arabia buys stake in major French poultry firm

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