Gold prices soar 26 percent in 2024 amid economic uncertainty
Gold prices soared 26% in 2024, closing at $2,626 per ounce, fueled by U.S. Federal Reserve rate cuts and economic uncertainty, signaling a strong performance...
Tag : Inflation
Germany’s economic activity sees persistent decline amid weak manufacturing
Germany’s economic contraction extended into December, marking six straight months of decline as weak manufacturing output offset modest stability in the services sector....
Dow Jones rises while Fed decision draws investor focus this week
Markets opened higher Monday as investors awaited the Federal Reserve’s meeting, with key rate decisions and 2025 projections expected, while Nasdaq reshuffle pressured Super Micro...
Wage inequality declines globally in two-thirds of countries since 2000
Wage inequality has declined in two-thirds of nations since 2000, with significant progress in low-income countries, but high disparities and uneven regional wage growth persist,...
Luxury brands struggle as only a third project growth in 2024
The global luxury market faces a 2% decline in 2024, with 50 million consumers exiting due to high prices and reduced innovation, Bain & Company’s...
Powell confirms Fed will move cautiously on future interest rate cuts
Federal Reserve Chair Jerome Powell emphasized a cautious approach to future rate cuts, noting that the Fed will act based on economic conditions, inflation trends,...
Labor demand cools as U.S. job openings hit lowest since January 2021
The U.S. labor market saw job openings dip to a 30-month low in July, suggesting further cooling as economists closely watch the Federal Reserve....
Gold reaches record high amid weak dollar and rate cut hopes
Amid a weakening dollar and rising expectations of a Fed rate cut, gold prices reached a record high of $2,500.99 per ounce, signaling strong market...
OPEC highlights continuous economic growth in UAE
The UAE sees continued economic growth in non-oil sectors like real estate, tourism, and manufacturing, according to OPEC's latest report....
ECB slashes rates, addressing inflationary pressures in Euro zone
ECB's June rate cut puts it ahead of the U.S. Federal Reserve, which continues to grapple with inflation challenges in the U.S....