Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Al Mayadeen's correspondent: Six killed or injured in Israeli drone strike on displaced persons’ tents in Sanabel camp, al-Mawasi, west of Khan Younis
Al Mayadeen's correspondent in Gaza: Several injuries reported as a result of the drone strike on the displaced persons' tent in the Al-Mawasi area, west of Khan Yunis
Al Mayadeen's correspondent in Gaza: An Israeli drone strike targeted a tent housing displaced Palestinians in the Al-Mawasi area, west of Khan Younis, in the southern Gaza Strip
Al-Quds Brigades: Yesterday, we targeted an Israeli special forces unit with a guided 107mm rocket, after it took cover inside a residential building on Al-Mars Street in central Khan Younis, southern Gaza Strip
Abu Obeida: The endurance of our people and the heroism of our resistance fighters alone set the terms and map the future course
Abu Obeida: If the occupation managed, by some miracle, to extract its soldiers from the inferno, it may not be able to do so again, and next time, they could fall into our hands as new captives
Abu Obeida: The war of attrition our fighters are fighting across the entire Gaza Strip, from the north to south, will continue to cost the enemy more losses by the day
Abu Obeida: Our fighters launched their attack from the very ruins the occupation believed were devoid of life
Spokesperson for Al-Qassam Brigades, Abu Obeida: The Beit Hanoun operation dealt another heavy blow to the occupation’s military prestige
Israeli media: Several soldiers were killed in the Beit Hanoun ambush

Gold prices hit historic high after 2% surge

  • By Al Mayadeen English
  • Source: News Websites
  • 30 Jan 2025 19:34
2 Min Read

As of 15:53 GMT, April gold futures on the New York Comex exchange have risen by $56.96.

Listen
  • x
  • In this Nov. 8, 2006 file photo, gold bars are on display at the
    In this Nov. 8, 2006 file photo, gold bars are on display at the "Gold" exhibit in the American Museum of Natural History in New York. (AP)

Gold prices surged by 2% on Thursday, surpassing $2,850 per troy ounce for the first time, according to trading data.  

As of 15:53 GMT, April gold futures on the New York Comex exchange rose by $56.96, reaching a historic high of $2,850.46 per troy ounce.

Previously, Federal Reserve Board of Governors member Michelle Bowman stated that while the US Federal Reserve is keeping an eye on the price of gold, it is not prioritizing it over other indicators.

Related News

More Chinese firms to enter Russia market as business climate improves

Pentagon confirms upcoming US weapons shipment to Ukraine

"Yes, we were thinking about it. I don't know that we're thinking about it more strongly than any other indicator at this point," Bowman said during a discussion hosted by the Manhattan Institute in April.

The historic increase in the price of gold holds significance due to its nature as a dollar-denominated asset. When the value of gold rises, it often indicates a decrease in the value of the dollar.

An increase in the price of gold can reflect various factors, including a loss of confidence in the dollar. When investors perceive higher risks or uncertainties associated with the dollar, they may seek refuge in gold as a safe-haven asset, thus driving its price up.

Read more: Gold price hits all time high; USD, Treasury bonds' yields diminish

  • United States
  • Gold prices
  • Gold

Most Read

Syria demands 1/3 of Golan, Lebanese areas for 'Israel' peace deal

Syria demands 1/3 of Golan, Lebanese areas for 'Israel' normalization

  • MENA
  • 4 Jul 2025
Major ambush in Gaza kills 6 Israeli troops, injures dozens

Major ambush in Gaza kills 5 Israeli troops, injures 14

  • Politics
  • Today
Al-Qassam hits IOF groupings in Khan Younis; ‘tough incident’ reported

3 Israeli soldiers killed by Resistance gunfire in south, north Gaza

  • Palestine
  • 4 Jul 2025
Concrete and rubble fall from a heavily damaged building as Israeli soldiers search for survivors in a residential area hit by a missile fired from Iran, near Tel Aviv, occupied Palestine, Sunday, June 15, 2025 (AP)

'Israel' concealed damage inflicted by Iran in war, report finds

  • Politics
  • 5 Jul 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
Big beautiful bill's ugly reality for American healthcare
US & Canada

'Big beautiful bill's' ugly reality for American healthcare

Ukrainian Forces struggle to hold Eastern front lines: NYT
Europe

Ukrainian forces struggle to hold eastern frontlines: NYT

Plan proposes transit camps for Gazans ahead of possible relocation
US & Canada

GHF proposed 'transit areas' plan prior to Gaza residents 'relocation'

Lavrov: IAEA will be held accountable for pre-strike Iran assessments
Europe

IAEA to be held accountable for pre-strike Iran assessments: Lavrov

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS