Stay updated with breaking news from Daniel Moss. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
(Bloomberg Opinion) -- Ah, a return to the halcyon pre-Covid days of low-single-digit growth. One can only hope Australia’s pattern of overt smugness and complacency doesn’t follow, for navigating the exit from stimulus will require a heavy dose of humility.
(Bloomberg Opinion) -- Sometimes being first is an undesirable superlative. Predictions that New Zealand will be among the primary batch of central banks to raise interest rates roiled markets this week — a signal that, even for historically hawkish places, taper talk is a delicate affair.
(Bloomberg Opinion) -- A crisis of political legitimacy is hanging over Malaysia's government just when it needs to make tough decisions to tackle a relentless surge in Covid-19 infections. It's hard to see the ongoing state of emergency ending in August as promised.
Dubai: Gold set for further gains this week Waheed Abbas/Dubai 24K price is expected to rise to Dh225. Gold prices are expected to touch $1,860 an ounce this week after the precious yellow metal registered its best week in six months, according to commodity analysts. The metal closed at $1,831.42 per ounce on Friday, gaining 3.5 per cent last week. In the UAE, 24K retail price last closed at Dh221.75 per gram, 22K at Dh208.25, 21K at Dh198.75, and Dh18K at Dh170.5. Vijay Valecha, Chief Investment Officer (CIO) at Century Financial, said he would expect 24k gold prices to trade between Dh218 a...
Gold Price Forecast: Falling Real Rates, Inflation Concerns to Buoy XAU/USD 2021-05-08 18:00:00 Daniel Moss, Analyst Gold Fundamental Forecast: Bullish Falling real rates and rising inflation concerns may continue to drive bullion prices higher in the near term. However, hotter-than-expected inflation and retail sales figures could fuel tapering bets and undermine the price of gold. Gold prices have continued to track higher in the last six weeks, pushing back above the $1800 per ounce for the first time since late-February on the back of rising inflation expectations and falling real rates...