Commodities market comment
Today’s market analysis on behalf of Ahmad Assiri Research Strategist at Pepperstone
Gold
Amidst the shifting sands of global trades, gold continues to shine as a pivotal hedge against the turbulence wrought by tariff policies and trade war. With the rollout of tariffs on imports from Canada and Mexico, coupled with ramped-up duties on China, there has been a noticeable surge in gold buying. This...
Gold Ends -Eigh Wteek Winning Streak, Hits New Low Near $2,833/Oz
Written by Linh Tran, Market Analyst at XS.com
Gold ended last week down near $2,858 per ounce as economic data indicated a complex inflation situation and the strength of the U.S. dollar was reinforced by market expectations that the Fed would maintain its hawkish stance.
Last Friday, gold officially ended an eight-week winning streak. On the same...
Automation is Making Humanity More Essential at Work
Over the past century, fears of mass joblessness from automation have come and gone in waves. More...
China zero-COVID policy to weigh on global supply chains
The continued outbreak of new variants of COVID-19 has forced the Chinese authorities to instate strict...
Middle East Energy 2022 to open next week in Dubai
Policymakers, business leaders, and industry experts from the energy industry will converge on Dubai next...
Abu Dhabi Ports completes key milestone with China-UAE partnership
The first purpose-built accommodation project at Khalifa Industrial Zone Abu Dhabi (KIZAD), a subsidiary of Abu...
