Gold prices rose to a record high on Monday, as a softer US inflation reading cemented bets that the Federal Reserve would deliver its first interest rate cut of the year in June.
Spot gold was up 1.2 per cent at $2,256,69 per ounce, as of 12.45 UAE time, after hitting an all-time high of $2,265.49 earlier in the session. US gold futures gained 1.8% to $2,279.10.
Spot silver rose 1.34% to $25.25 per ounce, platinum was up 0.53% at $916.08 and palladium climbed 0.7% to $1,021.77.
ADNOC Gas signs $3 billion LNG deal with Hindustan Petroleum
ADNOC Gas and its subsidiaries have announced the signing of a 10-year sales and purchase agreement valued at between $2.5-$3 billion with Hindustan Petroleum Corporation Limited (HPCL).
H.H. Sheikh Mohammed visits World of Coffee Dubai
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, toured the fifth edition of World of Coffee Dubai, featuring more than 2,100 exhibitors and brands from 78 countries.
UAE to participate in World Economic Forum
The United Arab Emirates is participating in the 56th Annual Meeting of the World Economic Forum 2026, taking place in Davos, Switzerland from January 19-23, with a high-level delegation led by H.H. Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Chairperson of Dubai Culture and Arts Authority.
UAE-Cameroon Trade and Investment Day explores new partnership opportunities
Dr. Thani bin Ahmed Al Zeyoudi, Minister of Foreign Trade, led a high-level government and business delegation to Yaoundé, Cameroon, where he extended the greetings of the UAE’s leadership to Cameroon’s Prime Minister Joseph Dion Ngute.
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