After weaker-than-expected U.S. economic data and rising military tensions in the Middle East, gold prices rose to record highs at the end of last week’s trade, hitting a barrier of $2,070 an ounce. Adel Al-Fathli, head of strategic planning at Kuwait Dar Al-Sabah Company, said in a statement to Kuwait News Agency (KUNA) on Sunday that the yellow metal managed to post a profit for the third week in a row. Along with weak US economic data. Al-Fathly said factory activity in the US has seen a continuous contraction for more than two months, along with a slowdown in personal consumption spending and a sub-level decline in the inflation rate in the US market. Gold futures (for delivery next February) rose 1.6 percent to $2,089 an ounce, while the dollar index, which measures the U.S. currency against major currencies, fell 0.35 percent to 103.1 points. Analysts’ pessimistic expectations for growth in US spending and output next year sent investors back to the safe haven (gold), especially as the Federal Reserve (Federal Bank) has aggressive plans to cut interest rates. 25 basis points during the Bank’s regular meeting scheduled for March 2024. He expected gold prices to see a “significant rise” if expectations that the US Federal Reserve cut interest rates by 135 basis points by the end of next year hold true. This will certainly lead to an increase in precious metals in the long run. Al-Fathly said that important reports will be released this week, the first of which is the US labor jobs report, followed by the purchasing managers’ index for services, monetary policy announcements in Australia and Canada, and data on inflation rates in China and South Korea, “all of which are indicators that will determine gold’s trends this week.” .” He said he believed developments in the Middle East region this week would be “stronger” as analysts monitor field developments due to the heavy impact on precious metals prices by military operations and shutdown threats. Some commercial waterways.” As for the local market, the price of a 24-carat gram rose to 20.375 dinars (about $62.2), 22 carat to 18.68 dinars (about $57), silver finished at 297 dinars (about $905), he said. ) per kilogram. ounce. It is worth noting that is one of the units of mass measurement, it is used in various measurement units, it is also called ounce and is equal to 28.349 grams, while the unit of measurement for precious metals is equal to 31.103 grams.
Economy
Stock indices were mixed in Germany at the end of today’s session; The DAX 30 fell 0.11%
Investing.com – Germany stocks were mixed at the close on Monday, as gains in the , and sectors propelled shares higher. On the other hand, losses were recorded in the and segments, which took the indexes down.
At the close of trade in Frankfurt, it fell 0.11%, rose 0.16% and weakened 0.62%.
The stock emerged today among the leading stocks Jalando SE (ETR: ), which was up 1.88% or 0.50 points to end at 27.15. Rather, stocks Daimler Truck Holdings AG (ETR: ) added 1.43% or 0.44 points to end at 31.18 while BISFSI (ETR: ) added 1.30% or 0.55 points to 42.78 at the close.
In terms of weak performance at the end of the day’s trade, the stock closed down Rheinmetall AG (ETR: ) declined 4.18% or 10.70 points to trade at 245.20 at the close. Arrow Siemens Energy AG ( ETR: ) declined 2.05% or 0.30 points to 14.35 and Fresenius SAVZ ( ETR: ) declined 1.79% or 0.45 points to 24.74.
On the other hand, the best performance in the MDAX index was recorded by one stock Delivery Hero AG (ETR:), which rose 4.62% to 36.31, HelloFreshSE (ETR: ) also gained 4.14% to end at 21.37, while Lanxess (ETR: ) rose 3.84% to close at 27.88.
By shares that are not performing today, we refer to the shares of the company Evotech AG (ETR: ), fell 4.75% to end the session at 20.24, Sixt SE (ETR: ), lost 4.32% to trade at 108.60, and Gerresheimer AG (ETR: ), shed 3.39% and closed today’s session at 105.30 on the stock market.
On the other hand, the best performance was recorded by one stock in the TecDAX technical index Nordex SE (ETR: ), which rose 3.03% to trade at 10.86, ADTRAN Holdingsa Inc (ETR: ) continued its gains of 1.35% and closed at 9.15 levels, while the stock Siltronic AG (ETR: ) which rose 1.09% to trade at 69.40.
Among the weak performers today we note the stock of Evotec AG (ETR: ), which fell 4.75% to close the session at 20.24 per share. Hensolt AG (ETR: ), which lost 3.07% on 28.38 shares Cancom AG (ETR: ), which lost 2.83% to close at 27.48 in today’s session on the stock market.
Declining stocks outnumbered rising stocks on the Frankfurt Stock Exchange with 342 compared to 317, while 89 were unchanged.
Options on the DAX 30 index, which measures the implied standard deviation, traded up 4.09% and ended at 16.03.
Gold futures for August delivery rose 0.20%, or 3.95%, to settle at $1,933.55 an ounce. In other commodities trading, WTI crude futures for August delivery rose 1.08% or 0.75 points to settle at $69.91 a barrel, while Brent oil futures for September were up 1.08% or 0.80 points. and ended at $74.81 per barrel.
The EUR/USD pair maintained its stability by 0.17% and traded at 1.09 levels, while the EUR/GBP pair remained unchanged at 0.00% and reached 0.86 levels.
Dollar index futures were down 0.15% at 102.39.
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“GT Georgia Tech”
With the growing number of online accounts and the rise of cyber threats, password security has become an important concern for individuals and organizations. However, a recent study revealed that outdated password practices are still in place, putting millions of people at risk.
A study conducted by a group of cybersecurity experts from around the world analyzed data on 10 million leaked passwords, and the alarming results showed that many people continue to use weak passwords that are easy to guess.
One of the most disturbing findings was the prevalence of common passwords like “123456” and “password”. It is easy for hackers to gain unauthorized access to personal accounts.
Another worrying trend found in the study is the reuse of passwords across multiple accounts. Many people have been found to use the same password for their email, social media and online banking accounts. This practice poses a significant risk because a single account leads to Hacked into Domino Effect, allowing hackers to access multiple accounts.
The study also highlights the importance of regularly updating passwords. A large number of individuals do not change their passwords for years, leaving their accounts vulnerable to attack.
Experts recommend changing passwords at least every three months and using a combination of letters, numbers and special characters to improve security.
The results of this study underscore the urgent need for individuals and organizations to adopt strong password practices.
Educating users about the importance of using unique and complex passwords and updating them regularly is essential to reduce the risks of cyber attacks.
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Books – Islam Saeed
Sunday, December 3, 2023 at 03:00 AM
Central banks around the world continue to demand… Gold In 2023, gold trends for the third quarter of the current year 2023 as per the reports of the World Gold Council show that the demand for gold by banks has increased.
Central banks added 337 tonnes in the third quarter of 2023
The third largest buying level in the quarter reached by central banks
In the third quarter of 2022, banks bought a large amount of 459 tonnes of gold..
Since the beginning of 2023, demand by central banks has increased by more than 14%.
Total bank purchases of gold since the beginning of 2023 have reached a record high of 800 tonnes of gold.
Gold reserves reported by global central banks rose by a net 77 tonnes in September.
Central bank’s gold sale is only 1 ton.
– Fund outflows from gold investment funds continued in October, $2 billion
Since the beginning of the year, the funds’ investments have fallen 6%.
– Total cash outflows from gold-backed global investment funds have hit $13 billion since the start of the year
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