Vuélvete ilimitado con Magzter GOLD
Obtenga acceso ilimitado a más de 9000 revistas, periódicos e historias Premium por solo
Intentar ORO - Gratis
Gold set for best week in 17 years
Gulf Today
|October 18, 2025
SINGAPORE: Gold notched a new high above $4,300 an ounce on Friday and was poised for its best week in over 17 years, as signs of weakness in US regional banks, global trade frictions, and firming rate-cut bets drove investors to the safe-haven metal.
-
Spot gold rose 0.8% to $4,359.31 per ounce, as of 0615 GMT, after scaling another record high of $4,378.69 earlier. US gold futures for December delivery jumped 1.6% to $4,372.10.
Bullion has risen about 8.6% this week and is headed for its best week since September 2008, notching a record high in each session.
Spot silver rose 0.1% to $54.26 per ounce, set for an 8% weekly gain. Earlier in the session, prices reached a record high of $54.35, tracking the rally in gold and a short squeeze in the spot market.
Esta historia es de la edición October 18, 2025 de Gulf Today.
Suscríbete a Magzter GOLD para acceder a miles de historias premium seleccionadas y a más de 9000 revistas y periódicos.
¿Ya eres suscriptor? Iniciar sesión
MÁS HISTORIAS DE Gulf Today
Gulf Today
Trump lists key demands from Tehran in final deal
US President Donald Trump said on Friday that he was making his decision on a potential deal with Iran, though Tehran insisted there was still “no final agreement” on ending the Middle East war.
3 mins
May 30, 2026
Gulf Today
Israel’s Gaza plan means more children will suffer: UN
The UN warned on Friday that an Israeli plan to take control of 70 per cent of Gaza will increase suffering among children already hit by the impacts of severe overcrowding.
1 mins
May 30, 2026
Gulf Today
Bodour opens Warsaw International Book Fair
In the presence of Sheikha Bodour Bint Sultan Al Qasimi, Chairperson of the Sharjah Book Authority (SBA), Sharjah officially opened its participation on Thursday as the first Arab Guest of Honour in the history of the Warsaw International Book Fair (WIBF) 2026.
2 mins
May 30, 2026
Gulf Today
India warns of weakest monsoon as inflation risk looms
India forecast an El Nino-weakened monsoon in 2026 that will bring the lowest rainfall in 11 years, fuelling concerns over crops, food prices and growth in the world’s fifth-largest economy, battling inflationary pressures from the Iran war.
3 mins
May 30, 2026
Gulf Today
Global shipping industry cites mounting cost
Senior executives from leading global shipping companies and industry groups underlined growing operational and economic challenges to goods trade during a 28 May meeting with WTO Director-General Ngozi Okonjo-Iweala.
1 min
May 30, 2026
Gulf Today
Etihad Rail embarks on a new era of smart transport
The field visit recently organised by Etihad Rail for various media outlets to Fujairah Station, the first fully completed passenger station within the railway network, has revealed the modernity of the equipment, the ingenuity of the construction work, the beauty of the architectural building and the luxury of the train with its modern facilities.
3 mins
May 30, 2026
Gulf Today
Oil tumbles, global stocks gain as US-Iran deal hopes persist
World stocks edged higher on Friday while oil prices slid and headed for a weekly drop as traders awaited clarity on efforts to reopen the Strait of Hormuz and extend a US-Iran ceasefire.
3 mins
May 30, 2026
Gulf Today
Analysts cut Russia's GDP forecast, rouble to weaken less
The Russian economy will grow at a slower pace in 2026 than predicted one month ago while the rouble will weaken less, a Reuters poll of 15 analysts showed on Friday.
1 min
May 30, 2026
Gulf Today
Arnold hopes resilient Iraq can upset WC odds
Iraq's veteran Australian coach Graham Arnold is hoping his team can pull off a shock on their return to the World Cup stage after a remarkable and gruelling journey to this year’s tournament in North America.
2 mins
May 30, 2026
Gulf Today
A tale of many cities: Art Smiley Gallery hosts John Railton's works
Art Smiley Gallery, Dubai's big-hearted cultural space, is presenting The Theatre of Life, a major solo exhibition by British contemporary artist, John Railton (June 6 - 11).
3 mins
May 30, 2026
Listen
Translate
Change font size