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الشارقة 24
Gold gains amid falling oil and dollar
Gold prices in the UAE slightly increased, while shipping activity in the Strait of Hormuz and Bab el-Mandeb declined, leading to a drop in Brent crude oil prices to $104. This contrast occurred amid falling oil prices and a weaker dollar, with gold prices rising amid ongoing oil tensions and a weakening US dollar. Additionally, the US Federal Reserve approved a decision to raise interest rates, raising questions about the flow of hot money into Egypt. Meanwhile, Belgium is planning to cut its budget by 10 billion euros in 2029, and the United States agreed to sell F-35 fighters to Saudi Arabia for over $24 billion.
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