Browsing: markets

LONDON: The UN food agency’s world price index ended last year about 10 percent below its 2022, with values in December also down from the previous month, helping further ease concerns over global food price inflation, according to Reuters.

Experts questioned by TASS forecast the key rate cuts in Russia this year to the level of 9-13% in absence of new shocks.

Gold was headed on Friday for its first weekly drop in four, as reduced bets for an early interest rate cut in the U.S. boosted the dollar and bond yields, while investors awaited a key employment report.

Iran and Russia have officially abandoned the US dollar for mutual settlements after the countries finalized an agreement to trade in the ruble and the rial, Iranian news agency IRNA reported this week. The agreement was sealed during a meeting in Russia between the heads of the central banks of the two countries, the outlet said.

Gold prices are expected to rally further in 2024 as lingering uncertainty about the prospects for the global economy spurs safe-haven demand for the metal, Reuters reported this week, citing industry experts.

Saudi Arabia’s Tadawul All Share Index experienced a rise on Thursday, gaining 42.57 points, or 0.36 percent, to close at 11,931.92. This marks the highest close since October 2022.

Finance Ministry attributed the increase to a rise in tax revenues by approximately JD250.4 million and a growth in non-tax revenues by about JD220 million

Principle payments of emerging markets’ sovereign Eurobonds will spike to $78.4bln in 2024, from $43.6bln this year, according to JPMorgan

Spot gold was up 0.7% at $2,043.79 per ounce Gold prices gained on Thursday as the dollar retreated after U.S.…

Inflation, as measured by the personal consumption expenditures (PCE) price index, fell 0.1% last month after being unchanged in October