Gold prices rallied to a record high on Thursday as Federal Reserve officials reiterated expectations of interest rate cuts in 2024.
Spot gold was steady at $2,299.28 per ounce as of 0343 GMT and hit a record high of $2,304.09 earlier in the session. Bullion has hit record highs in each session since last week's Thursday.
Spot silver fell 0.5 per cent to $27.08 per ounce, platinum edged down 0.1 per cent to $935.39 and palladium was up 0.4 per cent at $1.017.83.
Standard Chartered issues clarification on local operations
Standard Chartered Bank has clarified that reports of staff being evacuated from its Dubai offices are inaccurate.
DP World reports record $24.4bn revenue for 2025
DP World has announced its financial results for 2025 on Thursday, with a 22.4 per cent increase in revenue to $24.4 billion, and adjusted EBITDA up 18 per cent to $6.4 billion.
IEA proposes record release of strategic stocks in response to Iran war oil price surge
The International Energy Agency (IEA) on Wednesday recommended the release of 400 million barrels of oil, the largest such move in its history, to try to restrain soaring crude prices amid the U.S.-Israeli war with Iran.
H.H. Sheikh Hamdan highlights economic resilience at Dubai Majlis
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, UAE Deputy Prime Minister and Defence Minister, attended a specially convened Dubai Majlis to discuss strategies to reinforce economic resilience.
7:00pm - 10:00pm
10:00pm - Midnight
