Gold prices rose to a record high on Monday, as a softer US inflation reading cemented bets that the Federal Reserve would deliver its first interest rate cut of the year in June.
Spot gold was up 1.2 per cent at $2,256,69 per ounce, as of 12.45 UAE time, after hitting an all-time high of $2,265.49 earlier in the session. US gold futures gained 1.8% to $2,279.10.
Spot silver rose 1.34% to $25.25 per ounce, platinum was up 0.53% at $916.08 and palladium climbed 0.7% to $1,021.77.
Sharjah Airport welcomed 4.5 million travelers in Q1
Sharjah Airport welcomed more than 4.5 million travellers in the first quarter of this year, an 8 per cent increase compared to the same period last year.
Trump says 'be patient' as US economy contracts on tariff disruption
U.S. President Donald Trump said on Wednesday that Americans should be patient in the face of a first quarter economic contraction, arguing that his tariffs would eventually lead to a boom in the U.S. economy.
DXB delivers a strong start to 2025 with 23.4 million guests in Q1
Dubai International (DXB) welcomed 23.4 million guests in the first quarter of 2025, maintaining strong momentum and reinforcing its position as the world’s leading international airport.
H.H. Sheikh Khaled meets OpenAI CFO in Abu Dhabi
His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, held talks with OpenAI CFO Sarah Friar in the capital.
Aldar reports AED1.9 billion net profit in Q1 2025
Aldar Properties today announced its financial results for the first quarter of 2025, reporting a 33 per cent year-on-year increase in profit before tax to AED 2.2 billion, with net profit after tax rising by 22 per cent year-on-year to AED 1.9 billion.
President His Highness Sheikh Mohamed bin Zayed Al Nahyan received Lebanese President Joseph Aoun in Abu Dhabi on Wednesday, in his first official visit to the country since taking office.
Emirati authorities carried out an air ambulance mission for an injured person who "suffered a sudden health problem" in Oman, it was announced on Wednesday.
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan and the President of the Republic of Ecuador, Daniel Noboa, met on Wednesday to discuss strengthening cooperation in economy, trade, renewable energy, sustainability, investment, tourism, and agriculture.
