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During recent trading, gold prices continued to decline and after hitting an all-time high, there was a notable change, hitting below $4,900.silver lossIn the same situation, the price of silver fell by approximately 22% to below $90, affected by the correction seen in the metals market.previous profitsThe two metals have seen significant price increases in recent periods due to growing economic concerns and rising global tensions, driving demand from investors.safe havenGold, along with silver, is considered one of the most prominent safe-haven assets in times of uncertainty as it has witnessed strong demand by investors looking to hedge and protect…

Amid significant volatility in global markets, gold prices recorded a significant decline during trading today (Friday), continuing the wave of declines that affected the yellow metal in just one session.Yesterday (Thursday), the price of one ounce of gold ended at $5,377.14. This is equivalent to 648,268 Saudi Riyals per kilogram of gold.However, today’s price fell and reached $4,696.12 per ounce (equivalent to 564,959 riyals per kilogram).Therefore, gold recorded a decline of 12.58%, losing approximately $691.02 per ounce in less than a day.In just one day, a kilogram of gold lost 83,309 riyals in Saudi riyals, reflecting the volatility seen in…

More than 24 hours after Portugal’s Atlantic Storm Christine battered the central and northern parts of the country yesterday, the death toll rose to five and caused power outages to around 450,000 customers.Portugal’s Civil Defense Agency reported that one man died due to the bad weather, bringing the death toll to five. Rail services remain suspended on several lines, and schools are closed in some parts of the country’s center.Atlantic Storm Christine hit Western Europe, particularly Portugal and Spain, on Wednesday, with authorities in both countries urging people to stay at home, especially after outbreaks of flooding, heavy snowfall, and…

Souk Al Jubail in the cities of Sharjah, Al Dhaid and Kalba recorded impressive foot traffic throughout 2025, welcoming more than 5.8 million shoppers. This reflects Souq Al Jubail’s outstanding position as a major commercial, retail and social destination that supports economic activity and strengthens the Emirate of Sharjah’s food security system by providing fresh and diverse food products in accordance with the highest quality and safety standards. This performance growth confirms Souq Al Jubail’s success in serving as one of the key pillars of the trade and food security ecosystem in the Emirate of Sharjah, through its future development…

Egyptian authorities have announced that they have successfully recaptured fugitive businessman Amir al-Hilali, known in the media as “The Car Restorer”, in parallel with delivering a strict judicial sentence in the e-extortion case.International cooperation puts an end to flightWithin the framework of implementing the final judicial judgment, and under the direct direction of the Prosecutor General, the relevant authorities could prosecute defendants abroad through the International Judicial Cooperation Mechanism. The International Cooperation Department of the Public Prosecutor’s Office, continuing to coordinate with relevant foreign authorities, has prepared an international arrest warrant for Al-Hilali and submitted a formal request for his…

The possibility of a partial U.S. government shutdown increased today (Friday) after new hurdles emerged in the Senate to reach a bipartisan deal that would ensure continued funding for federal agency operations.The agreement, announced this morning by Senate Democrats and President Donald Trump, is intended to allow Congress to pass a spending bill to fund numerous government agencies while negotiating new caps on immigration enforcement. But that path stalled after many lawmakers expressed opposition to the deal, and proceedings in the Senate that were scheduled to resume Friday morning, when government funding ends at midnight, were halted.Even if the Senate…

Gold prices fell as much as 8% on Friday, briefly falling below the $5,000 per ounce level, as the dollar strengthened following President Donald Trump’s announcement of his selection as Federal Reserve Chairman, even as bullion prices recorded their biggest monthly rise since 1982. Spot gold fell 5.8% to $5,081.52 an ounce as of 9:37 a.m. ET (14:37 GMT), after retreating to an intraday low of $4,957.53 a day earlier. U.S. gold futures for February fell 4.1% to $5,079.60. The decline, which analysts described as profit-taking, also put pressure on other precious metals. Suki Cooper, global head of commodity research…

‍Traders are increasingly turning to tankers to store Russian Urals crude as demand weakens and customers weigh the risk of increased sanctions, according to Reuters calculations based on LSEG and trade data. Major importers India and Turkey have been cutting back on purchases since late last year in response to tightening Western sanctions, including recent U.S. actions against Rosneft and Lukoil and a European Union ban on fuel produced from Russian crude. Russian oil prices have fallen to record lows. Traders say the availability of ships to transport Russian crude is tightening as more tankers wait to unload their cargo,…

The number of unemployed people in Germany rose to more than 3 million during January, the highest level in 12 years, even as Europe’s biggest economy grew faster than expected in the final quarter of 2025.The number of unemployed rose by 177,000 to 3.08 million this month, and the seasonally unadjusted unemployment rate rose 0.4 percentage points to 6.6%, data released today (Friday) by the German Labor Office showed.”There is little momentum in the labor market at the beginning of the year,” Labor Secretary Andrea Nahles said, attributing the notable increase in the unemployment rate to seasonal reasons.The number of…

Gold, silver and copper prices fell on Friday after hitting record highs this week as nervous investors looked to lock in profits as hopes for aggressive U.S. interest rate cuts began to fade and the dollar began to stabilize. President Donald Trump announced Friday that he has selected former Federal Reserve Board member Kevin Warsh to head the U.S. Federal Reserve. The dollar index, which measures the U.S. currency against its peer, was steady on expectations for Warsh’s appointment. “The market believes Kevin Warsh is reasonable and won’t aggressively push for rate cuts,” said Tom Price, an analyst at Panmure…