Global gold prices fell on Tuesday to their lowest level in nearly two weeks, following an announcement by U.S. President Donald Trump that Iran and Israel have agreed to a ceasefire, ending a 12-day conflict. The news dampened investor demand for the precious metal as a safe haven.
The Swiss National Bank SNB announced on Thursday a 0.25 percentage point cut to its key interest rate, bringing it down to zero. This marks the sixth consecutive rate reduction as the central bank continues its efforts to support the economy amid weakening inflationary pressures.
Gold prices edged higher on Thursday as escalating tensions in the Middle East boosted demand for safe-haven assets. The ongoing conflict between Israel and Iran has heightened geopolitical risks, prompting investors to seek refuge in gold.
Global markets are sharply focused this week on the outcomes of several major central bank meetings, as monetary policy decisions intersect with escalating geopolitical risks and trade pressures. The convergence of weaker economic data, persistent inflation concerns, and volatile oil prices has created an increasingly complex landscape for policymakers.
Forbes Middle East has unveiled its annual list of the Top 50 Publicly Listed Companies in Egypt for 2025, featuring 12 banks that reflect the strength and resilience of Egypts banking sector.
Inflation in the United Kingdom eased in May, strengthening expectations that the Bank of England BoE will maintain its current interest rate when it announces its monetary policy decision on Thursday.
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