• Gold extends slide after Fed dampens March rate cut hope

    Dubai, UAE - Gold prices extended losses on Wednesday as the US dollar strengthened after comments from a Federal Reserve official dampened expectations for a March interest rate cut, Reuters reported. Spot gold was down 0.2% at $2,023.49 per ounce, as of 0415 GMT, after stooping 1.3% in the previous...
  • Rising demand for critical metals pose dilemmas for investors

    PARIS, FRANCE - Soaring demand for the raw materials needed for the transition towards renewable energy is creating dilemmas for investors weighing the economic, environmental and human rights risks of such projects. With demand for fossil fuels expected to peak by the end of the decade, the focus is shifting towards...
  • Small gain for gold in 2022 despite rate hike

    Goldman Sachs has recently projected that the supply of Lithium will begin to outpace demand from 2023 onward.
  • The moon is part of our existence and is a future necessity for the planet, says George Friedman

    "There was a small amount of water on the moon, which means there is a lot of water but it has not yet been revealed, and once it is discovered, humans can see it there where oxygen and hydrogen can generate air similar to what exists on Earth, as well...
  • Marketwatch: Tight supply battles recession risks

    Adding to this, the market had witnessed September as a month of turmoil across financial markets driven by a surging dollar and traders sending bond yields sharply higher in anticipation of further rate hikes from central banks, led by the US Federal Reserve, adds Hansen while reviewing the global scenario.
  • UAE, Jordan ink pact to standardize specifications

    The UAE Ministry of Industry and Advanced Technology (MoIAT) signed a Memorandum of Understanding (MoU) with the Jordan Standards and Metrology Organization (JSMO) to strengthen ties around standards, regulations, conformity assessment, specifications and national hallmarks.
  • KSA’s crude advice energizes commodity markets

    Inflation-fighting measures, such as hiking rates and removing stimulus, was the main driver behind the recent correction in commodities that are likely to weather headwinds from an economic slowdown with supply of key commodities being equally challenged, he adds.
  • Abu Dhabi non-oil foreign trade $33.75 billion in first half of 2022

    The value of the trade-in commodities from normal metals and their products increased to AED24.51 billion, with a growth rate of 22 percent, compared to AED20.11 billion in 2021. The trade in pearls, gemstones, precious metals and their products has increased to 40 percent.
  • Dubai Gold & Commodities Exchange Feb trades total $13.68 bn

    Dubai Gold & Commodities Exchange (DGCX) registered trades with a total value of $13.681 billion in February 2022, as global markets responded to rising inflation, mounting oil prices as well as the Russian - Ukrainian conflict, which resulted in continued volatility during the last week of the month. The exchange...