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Business, Economy

UAB net profit up by 50% for H1

Total assets increase by 11 percent.

TSMC Q2 profit up 60%

TSMC is the world's largest contract maker of chips.

ADNOC shifts OMV stake to XRG

XRG is ADNOC's wholly-owned international investment company.

SIB H1 net profit $189m

The bank's total assets increased by $1.49 billion.

TSMC’s H1 revenue up 40 percent

Robust demand for AI technology behind the surge.

Gold hovers near a month high on slowing US inflation

By TRENDS Desk
March 1, 2024 6:04 pm
  • Gold rose after data suggested easing US price pressures.
  • Traders awaited remarks from US Federal Reserve officials.

ABU DHABI, UAE– Gold prices hovered near a month high on Friday after data suggested easing US price pressures, while traders awaited remarks from several Federal Reserve officials.

According to Reuters, spot gold edged 0.2 percent higher to $2,047.29 per ounce, as of 0635 GMT, after hitting $2050.59 on Thursday – its highest level since 2nd February. Bullion was headed for a second consecutive weekly gain.

US gold futures were steady at $2,055.60, WAM reported.

Spot platinum rose 0.6 percent to $881.40 per ounce, and palladium also jumped 0.6 percent to $947.35.

However, both posted a second consecutive monthly decline, with palladium touching more than five-year lows of $849.13.

Spot silver rose 0.3% to $22.74 per ounce.

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