World Daily News
Business
United States / Iran / Israel

Gold Prices Steady Amid Middle East Tensions and Fed Rate Cut Speculations

Images from the reference sources
Gold prices stabilize as traders anticipate a Federal Reserve interest rate cut amid ongoing tensions in the Middle East. Explore how geopolitical factors are influencing precious metal markets.

Gold prices stabilized largely today, Wednesday, while traders await further indications of the size of the interest rate cut that the Federal Reserve (the US central bank) may make in September. Gold in spot transactions rose 0.22% to $2,394 per ounce, and US gold futures rose 0.05% to $2,432.70.

Clam Reports
Refs: | Aljazeera |

All Business articles on 2024-08-07

You may like

Trends

Business

Federal Reserve Cuts Rates, Mortgage Rates Drop: A New Hope for Homebuyers
2024-09-19T17:44:43.795Z

The Federal Reserve has cut interest rates for the first time since 2020, leading to a decline in mortgage rates. This shift is expected to boost the U.S. housing market, providing hope for buyers amid rising home prices and economic uncertainty.

Business

US Healthcare System Ranks Last Among Developed Nations: A Call for Reform
2024-09-19T17:25:31.019Z

A new report reveals that the US healthcare system ranks last among developed nations, highlighting critical issues such as preventable deaths and access to care. Despite high spending, Americans face significant barriers to healthcare, prompting calls for reform ahead of the upcoming presidential election.

Business

Russia's Central Bank Unveils Comprehensive Debt Regulation Plan to Aid Borrowers
2024-09-19T19:34:36.961Z

The Central Bank of Russia, under President Putin's directive, is drafting a law to regulate citizens' debt comprehensively, aiming to simplify the debt resolution process and alleviate financial burdens for borrowers.

Business

UAE Central Bank Cuts Interest Rates: Real Estate Financing Set to Thrive
2024-09-19T20:14:46.668Z

The UAE Central Bank has cut interest rates by 50 basis points for the first time since 2020, benefiting real estate financing. Discover what this means for borrowers and the essential documents needed for loan approval.

Business

EU Cuts Hungary's Payments by 200 Million Euros Amid Asylum Law Violations and Google Wins Antitrust Appeal
2024-09-19T17:44:52.327Z

Hungary faces a 200 million euro deduction from EU payments due to unpaid fines related to asylum law violations, while Google successfully overturns a 1.5 billion euro fine from the EU for antitrust issues.

Business

Cathay Pacific A350 Engine Fire Sparks Urgent Inspections Following Safety Concerns
2024-09-19T17:25:09.437Z

Cathay Pacific's Airbus A350 engine fire incident linked to fuel hose deterioration prompts urgent inspections across fleets, raising safety concerns for Rolls-Royce engines.

Latest

Business
2024-09-19T20:14:46.668Z

UAE Central Bank Cuts Interest Rates: Real Estate Financing Set to Thrive
Business
2024-09-19T19:34:36.961Z

Russia's Central Bank Unveils Comprehensive Debt Regulation Plan to Aid Borrowers
Business
2024-09-19T17:44:52.327Z

EU Cuts Hungary's Payments by 200 Million Euros Amid Asylum Law Violations and Google Wins Antitrust Appeal
Business
2024-09-19T17:44:43.795Z

Federal Reserve Cuts Rates, Mortgage Rates Drop: A New Hope for Homebuyers
Business
2024-09-19T17:25:31.019Z

US Healthcare System Ranks Last Among Developed Nations: A Call for Reform
Business
2024-09-19T17:25:09.437Z

Cathay Pacific A350 Engine Fire Sparks Urgent Inspections Following Safety Concerns