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 $2,858 per ounce as economic data indicated a complex inflation situation and the strength of the U.S. dollar was reinforced by market expectations that the Fed would maintain its hawkish stance.
Last Friday, gold officially ended an eight-week winning streak. On the same...
Bank of Palestine launches its first Sustainability Report
Bank of Palestine Group (BoP), announced the official release of its first sustainability report highlighting its commitment...
How the Islamic Trade Cooperation is supporting Turkmenistan
The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org) signed a Framework Agreement for US$ 150 million with...
UAE and UK to strengthen cooperation on Climate Action and Environment
The UAE and the United Kingdom today agreed to strengthen bilateral cooperation to accelerate climate action...
United Arab Emirates’ Participation in Biden Leaders Summit on Climate
His Excellency Dr. Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology and UAE Special Envoy for Climate...
To help establishments affected by the Corona pandemic, Palestine Monetary Authority launches $300 million "Sustainability" program to provide financing for SMEs
His Excellency the Governor...
