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.
Investors wipe $2.5 trillion off Nasdaq as blue tsunami prompts AI fears
Tech-led Nasdaq has notched its deepest one-day drop since ‘Liberation Day’ in April 2025, wiping out trillions in market value on fears of more AI scrutiny, particularly on data center construction, after Democrats won big in US midterm elections.
Emirates Groups announces AED4.1 billion pre-tax profit in H1 2026
The Emirates Group has posted a profit before tax of AED 4.1 billion ($1.1 billion) for the first six months of 2026-27, despite disruptions and high fuel prices due to the regional conflict.
Disney's Pixar names Jonathan Garson president as Jim Morris steps back
Pixar Animation Studios announced on Wednesday that veteran Jonathan Garson will become president on January 4, replacing Jim Morris, who will step back from day-to-day leadership ahead of his eventual retirement.
DIP Holding places final IPO price
The final offer price for DIP Holding’s initial public offering (IPO) has been set at AED 1.12 per share following stronger investor demand.
Gulfood Manufacturing brings global industry leaders to Dubai
Food security, domestic production and supply chain resilience are taking centre stage in Dubai as Gulfood Manufacturing 2026 brings together manufacturers, technology providers and industry leaders from around the world.
The National Drug Enforcement Authority, in coordination with security forces in the UAE and Iraq, foiled an attempt to smuggle 200,000 Captagon pills and more than 30 kg of narcotics into the UAE.
Dubai Police have shut down 33 unlicensed nurseries across the Emirate and arrested 34 operators for violating health and safety standards.
Dubai Police have impounded 218 vehicles and issued 518 fines for noise violations in October as part of a crackdown on illegal modifications that create disturbances in residential areas.
