Gold prices rallied to a record high on Thursday as Federal Reserve officials reiterated expectations of interest rate cuts in 2024.
Spot gold was steady at $2,299.28 per ounce as of 0343 GMT and hit a record high of $2,304.09 earlier in the session. Bullion has hit record highs in each session since last week's Thursday.
Spot silver fell 0.5 per cent to $27.08 per ounce, platinum edged down 0.1 per cent to $935.39 and palladium was up 0.4 per cent at $1.017.83.
China hits US defence firms with sanctions over Taiwan arms sales
China's foreign ministry has announced sanctions targeting 10 individuals and 20 US defence firms, including Boeing's St. Louis branch, over arms sales to Taiwan.
Dubai Free Zones Council reviews efforts to boost investor experience
The Dubai Free Zones Council, chaired by His Highness Sheikh Ahmed bin Saeed Al Maktoum, held its 33rd meeting to discuss key priorities aimed at boosting Dubai’s business environment.
ADFD finances project to enhance water security in Mauritania
Abu Dhabi Fund for Development (ADFD) has contributed to a strategic project that will supply the city of Kiffa and the surrounding region in Mauritania with potable water.
Waymo to update software after power outage snarls self-driving vehicles
Alphabet unit Waymo has announced on Tuesday that it will update software used to operate its self-driving vehicles and improve its emergency response protocols after its robotaxis stalled in parts of San Francisco on Saturday due to a widespread power outage that snarled traffic.
Masdar to develop Southeast Asia’s largest floating solar plant
Abu Dhabi Future Energy Company – Masdar has announced its first project in Malaysia, with the signing of a power purchase agreement (PPA) to develop a 200-megawatt floating solar photovoltaic project at the Chereh Dam in Pahang State.
Reem Al Hashimy, Minister of State for International Cooperation, has welcomed the United Nations’ assessment mission to El Fasher as an important step toward restoring humanitarian access for civilians who have endured months of siege and deprivation.
A humanitarian aid convoy provided by the UAE's Saqr bin Mohammed Al Qasimi Foundation for Charity and Humanitarian Work has entered the Gaza Strip under Operation Chivalrous Knight 3, carrying vital therapeutic and preventive supplies for children and women.
Dubai Police have taken firm action against 90 individuals for riding electric bikes in a reckless and dangerous manner on sports tracks and dedicated scooter lanes at Kite Beach.
