Sana'a: Gold prices surged yesterday to their highest level ever, supported by a weaker dollar and growing expectations that the US Federal Reserve may cut interest rates further later this year. Spot gold jumped by about 1.2% to $3,806.57 per ounce. US gold futures for December delivery rose 0.7% to $3,836.30. According to Yemen News Agency, among other precious metals, spot silver rose 0.6% to $46.26 per ounce, platinum gained 2.2% to $1,602.45, and palladium climbed 0.8% to $1,279.68 per ounce. These increases reflect a broader trend in the precious metals market driven by economic factors such as currency fluctuations and monetary policy expectations.
Related Articles
Russia’s External Debt-to-GDP Ratio Falls to Record Low
Moscow: Russia’s external debt-to-GDP ratio fell to 14% in the third quarter of this year, an unprecedented low in recent history, according to calculations by the Russian news agency Sputnik, published on Monday.
According to Yemen News Agency, thi…
Oil and Gold Prices Surge Following Israeli Attack on Iran
Abu Dhabi: Oil prices experienced a substantial increase of approximately eight percent in early Asian trading on Friday, as gold prices edged closer to setting a new record high. This surge in oil and gold prices comes in the wake of a recent Israeli…
Eurozone Faces Potential £1.3 Trillion in Drought-Related Losses
Frankfurt: The European Central Bank (ECB) has warned that Eurozone economies could suffer devastating losses from drought conditions potentially wiping out 15% of the region’s economic output.
According to Yemen News Agency, an ECB research paper re…