#US Federal Reserve

CBUAE launches new website

UAE Central Bank raises interest rate by 75 basis points

The US Federal Reserve upped its policy rate by three-quarters of a percentage point for the fourth consecutive time

CBUAE raises interest rate as of September 22

CBUAE, Gulf central banks raise interest rates following US Fed rate hike

The US Federal Reserve raised its benchmark interest rate by three-quarters of a percentage point to a range of 3 to 3.25 per cent on Wednesday

Oil eases at week’s open after top central banks warn on rates

Oil eases at week’s open after top central banks warn on rates

Crude prices are on course for a third consecutive monthly drop in what would be the longest losing run in more than two years

Gold steady in Asia with traders digesting cooling US Inflation

Gold steady in Asia with traders digesting cooling US Inflation

Bullion initially jumped on August 10 after the US consumer price index decelerated by more than expected in July

Gold holds drop after US jobs data support rate-hike outlook

Bullion dropped 0.9 per cent as US non-farm payrolls jumped by more than double what economists had forecast

Gold holds gain as traders weigh outlook for Fed tightening path

Gold advances as traders weigh US-China tensions, hawkish Fed

Gold climbed as the dollar and bond yields retreated, with investors assessing US-China tensions and an apparent hawkish turn from the Federal Reserve

Oil extends gains after US crude stockpiles drop, exports soar

Oil extends gains after US crude stockpiles drop, exports soar

West Texas Intermediate futures climbed near $98 a barrel after closing 2.4 per cent higher in the previous session

US Federal Reserve

US Federal Reserve hike leads GCC to follow, but rate paths diverge again

Saudi Arabia, Bahrain and the UAE moved in lockstep with the US central bank, raising their benchmarks by 75 basis points

Gold slumps to lowest since March 2021, dollar strength likely to continue

Gold slumps to lowest since March 2021, dollar strength likely to continue

Gold has lost more than $110 in July alone as traders increased bets on a full percentage-point increase in US rates

Gold

Gold slides to nine month low as investors turn to dollar as haven

Spot gold fell 0.5 per cent to $1,725.05 an ounce in Singapore, after falling 0.5 per cent in the previous session

Oil sinks again on recession concerns and rising US stockpiles

West Texas Intermediate fell below $98 a barrel and has shed about 10 per cent so far this week

Key question: Is gold’s rally far from over?

Gold has had a solid run higher throughout 2020

ECB takes major step toward introducing a digital Euro

A central-bank digital currency would allow euro-area residents to place deposits with the ECB directly

Oil slides from five-month high on cloudy demand outlook

OPEC+ also warned at a meeting on Wednesday that the pace of the demand rebound was slower than expected