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
US stock indices rose at the end of today’s session; The Dow Jones Industrial Average rose 0.01%.
Investing.com – U.S. stocks were higher after the close on Friday, as the , , and .
At the close of trade in New York, it registered a gain of 0.01%, while it was up around 0.13% and up around 0.08%.
The best performers of the day were Walgreens Boots Alliance Inc (NASDAQ: ), which rose 2.27% or 0.47 points to trade at 21.22. On the other hand, American Express Company (NYSE:) was up 2.21% or 3.51 points to end at 162.56 while Caterpillar Company (NYSE:) was up 1.96% or 4.86 points to 253.07. End of session.
On weak performance at the close of today’s trade, shares of Microsoft Group (NASDAQ: ) declined 1.68% or 6.32 points to trade at 369.85 at the close. Nike Inc. (NYSE:) declined 1.53% or 1.65 points to 105.96 and Amgen Company (NASDAQ:) declined 1.34% or 3.61 points to 265.39.
On the other hand, the best performance in the S&P 500 index was recorded by Ross Stores (NASDAQ: ), which gained 7.22% to 128.82. Expedia (NASDAQ: ) also gained 5.05% to close at 136.38. And an arrow Albemarle Corp (NYSE: ) rose about 3.91% to trade at 127.39.
Among the weaker performing stocks today we mention the shares of Applied Materials Corporation (NASDAQ: ), which fell 4.02% to close the session at 148.59, CF Industries Holdings (NYSE: ), which lost 3.31%. 77.46 and on the stock price Molina Healthcare Inc (NYSE: ), which lost 3.30% to close at 353.31 in today’s session on the stock market.
On the other hand, the top performer on the Nasdaq index was Altamira Therapeutics Ltd (NASDAQ: ), which rose 180.28% to trade at 0.28. and closed at 0.79 levels, and Syntec Optics Holdings Inc (NASDAQ:) stock soared 73.98% to trade at 8.96.
Among the weakest performing stocks today, we mention the company’s stock Arousal Neurology Inc (NASDAQ: ), which tumbled 40.03% to close the session at 4.00, shares. Anfolio Holdings Inc (NASDAQ: ), which lost 34.58% to 0.54 shares Evlo Biosciences Inc (NASDAQ: ), which plunged 32.65% to close at 0.49 in today’s session on the stock market.
The number of shares that gained more than the number of shares that closed in decline in trading on the New York Stock Exchange was unchanged at 95, compared with 865 in 2002. In terms of NASDAQ stock market, 2311 stocks strengthened their position, 1141 stocks declined, while 135 stocks maintained their value.
Ross Stores (NASDAQ: ) rose to a 52-week high, adding 7.22% or 8.67 points to trade at 128.82. Shares of Expedia (NASDAQ: ) rose to a 52-week high, adding 5.05% or 6.56 points to trade at 136.38. Vigil Neuroscience Inc (NASDAQ: ) fell to a 52-week low, losing 40.03% or 2.67 points to trade at 4.00. Onfolio Holdings Inc (NASDAQ:) declined 34.58% or 0.28 points to an all-time low of 0.54.
It measures the implied standard deviation of options on the S&P 500 index, which fell 3.63% to close at 13.80, hitting its highest record level in a month.
Gold futures for December delivery were down 0.23%, or 4.50, at $1,982.80 an ounce. In other commodities trading, WTI crude oil futures for December delivery rose 3.91% or 2.85 to settle at $75.75 a barrel, while the January contract for Brent oil futures was up 3.98% or 3.08 points. It closed at $80.50 a barrel.
The EUR/USD pair added 0.54% to trade at 1.09 levels, while the USD/JPY pair continued to decline by 0.69% to reach 149.66 levels.
Dollar index contracts traded down 0.49% at 103.73.
“Award-winning beer geek. Extreme coffeeaholic. Introvert. Avid travel specialist. Hipster-friendly communicator.”
“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.
“Award-winning beer geek. Extreme coffeeaholic. Introvert. Avid travel specialist. Hipster-friendly communicator.”
“Award-winning beer geek. Extreme coffeeaholic. Introvert. Avid travel specialist. Hipster-friendly communicator.”
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
“Award-winning beer geek. Extreme coffeeaholic. Introvert. Avid travel specialist. Hipster-friendly communicator.”
-
Top News2 years agoReasons why there isn’t More Scoring in Soccer
-
Top News2 years agoDirection Dubai: Private jets were attacked to escape the health drama in India
-
science2 years agoA Scientific Surprise .. Contemporary Month of Ancient Egyptians | Science
-
Top News1 year agoTop 3 Cities in Vietnam for Digital Nomads
-
Tech2 years agoThe email is said to have come from Nintendo’s Lost Game Boy extension
-
Economy5 months ago
Apple’s market cap is about $3 trillion
-
Tech2 years agoNetflix launches new video game platform on Android devices
-
Economy1 year agoGeely Monjaro 2023 Launched in Saudi Arabia .. Specifications and Prices (Video and Photos)
