Browsing: Business

– Gold prices advanced on Monday as investors weighed weak U.S. hiring data against a firmer dollar. Spot gold gained 0.6% to $4,165.49 an ounce by 0901 GMT. U.S. gold futures for December delivery climbed 0.8% to $4,194.60. The move

The foreign exchange market recorded strong upward momentum as the US dollar hits 17-month high benchmarks, climbing to a 102.08 index rating and securing its third consecutive weekly gain. According to international market reports published by the Emirates News Agency, the

– The U.S. Treasury Department will offer $119 billion of notes and bonds through three auctions next week. The schedule begins Oct. 6 with $58 billion of three-year notes. Treasury will sell $39 billion of 10-year notes on Oct. 7.

– The U.S. economy grew at a 2.2% annual rate in the second quarter of 2026. The U.S. Bureau of Economic Analysis raised its estimate from the previously reported 1.5% pace. The revision covered economic activity from April through June.

Artificial intelligence is becoming a larger force in economic growth, investment and labor markets, according to the International Monetary Fund. The IMF said AI-related technology spending added about 0.5 percentage point to U.S. GDP growth in 2025. Private investment in

Oil prices fell sharply Monday, sending global crude benchmarks to their lowest levels in 12 days. November Brent crude settled at $100.34 a barrel, down $3.53, or 3.4%. October West Texas Intermediate fell $4.52, or 4.51%, to $95.78 a barrel.

India warned Washington that proposed tariffs on countries purchasing Russian crude oil could harm bilateral relations and disrupt global commodity trade. The statement followed the passage of the Sanctioning Russia and Iran Act of 2026 by the United States House

Federal Reserve policymakers held key benchmark interest rates steady at the conclusion of their policy meeting, pairing the decision with updated macroeconomic projections for domestic growth and inflation. The Federal Open Market Committee weighed persistent consumer price pressures against steady

U.S. stocks ended lower Wednesday after the Federal Reserve raised its benchmark interest rate by 25 basis points. The decision lifted the federal funds target range to 3.75% to 4.00%. The Dow Jones Industrial Average dropped 631.21 points, or 1.21%,

The U.S. dollar rose to a seven-week high on Thursday after the Federal Reserve increased interest rates. The dollar index reached 100.36 against a basket of major currencies. It had gained about 0.7% during the previous session. The move marked