Markets News

Dubai: Gold prices jump to new high after Fed rate cut

The Fed decision acts as a start to the interest rate cut cycle that markets have long been waiting for, says expert

Indian rupee rises to 6-week high after Fed rate cut, importer dollar bids pick up

Asian currencies were mixed on the day, with the offshore Chinese yuan gaining nearly 0.2% while the Malaysian ringgit and Korean won declined

UAE: Gold prices drop by Dh3 after hitting a record high

Spot gold was trading at $2,567.13 per ounce, up 0.31 per cent

Ignoring risk, investors still buying US junk debt with weak protections

'Liability management exercise' favors some creditors over others

Global defensive sector funds see surge in inflows on slowdown fears

This shift in trend could diversify the market rally

Indian rupee faces resistance on dollar buying by state-run banks

Asian currencies were mostly higher and the dollar index was flat at 100.70 having declined in the previous three sessions

UAE: Gold prices slip from all-time high, lose Dh1.5 per gram

Some analysts attributed the drop in prices to profit-taking following a strong rally in the past few trading days

Prospect of big Fed rate-cut keeps gold at record levels

Easing dollar index making bullion more attractive to buyers holding other currencies

Time to sell? Gold prices in Dubai hit fresh all-time high

Globally, gold was trading at $2,582.61 per ounce at 6.15 pm UAE time, up 0.14 per cent

Currency index hits all-time high in countdown to Fed rate verdict

Emerging market stocks touch more than one-week high