Higher rates weigh on non-interest bearing bullion
Bullion is hovering near a two-week low after the US dollar and bond yields rose Wednesday
Sarah Hewerdine lists out key takeaways of the recent interest rate hike for an everyday home-buyer in the UAE
Bullion dropped 0.9 per cent as US non-farm payrolls jumped by more than double what economists had forecast
Saudi Arabia, Bahrain and the UAE moved in lockstep with the US central bank, raising their benchmarks by 75 basis points
Global economic expansion will likely slow to 3.2 per cent this year, less than the 3.6 per cent forecast by the fund in April
Consumer prices rose 9.4 per cent from a year earlier, the biggest increase since February 1982
Housing and other basic needs such as food, electricity, water and fuel are also covered by the programme
Oil has started the third quarter in strong form after dropping in June
It appears to have found support around its 200-week moving average, which currently sits near $1,200
An electric car now costs $61,000 on average
Oil is still up more than 50 per cent this year after rebounding demand combined with upended trade flows
Crude has rallied about 60 per cent this year as an economic rebound coincided with upended trade flows
The world’s largest digital token tumbled as much as 6.4 per cent to $25,593, its lowest level since May 12
The rate of job creation in UAE was the quickest in seven months despite the inflation
Bitcoin has struggled in recent weeks as the Federal Reserve hikes interest rates and inflation remains high
The next generation of central bankers is taking a page from the business school play book
The turmoil is a good time for investors to rebalance their portfolios
The base rate suggests the general stance of the Central Bank’s monetary policy
Crypto assets have all been weighed down as the Federal Reserve and other global central banks raise interest rates
Investors continue to seek a store of value amid the uncertainty
Bullion has eased after rallying to within $5 of a record last week
In both the 1970s and today, the shocks hit economies that already had inflation problems
Palm oil, which is used in thousands of products from cookies to shampoo, is on a record breaking run
Investors should avoid growth stocks or companies with a high valuation
Analysts have noted that cryptocurrencies have lately been moving in tandem with other riskier assets
Gold is holding above $1,800 an ounce after dropping for the first time in three years in 2021
The largest cryptocurrency by market value rose as much as 3.1 per cent to $44,001 on Wednesday
Silver’s other role as a key commodity in solar panels and electronics is likely to buoy prices over the longer term
Spot gold steadied at $1,755.18 an ounce at 9.40am in Singapore, after retreating 0.2 per cent on Monday