Keywords: Central Bank


Gold holds near $4,730 as Heraeus flags downside risks

Gold prices are stabilizing near $4,730 per ounce, but analysts at Heraeus warn that the market may face further consolidation or declines before any sustained rally resumes. In its latest Precious Appraisal report dated March 30, Heraeus said short-term momentum remains bearish for both gold and silver.......

Libya approves first unified state budget in over a decade

Libya has taken a significant step toward economic and political unity after its rival legislative bodies approved the country’s first unified state budget in more than a decade. According to official statements, both the House of Representatives and the High Council of State endorsed the new......

Italy’s Unicredit considers winding down Russian operations, reports say

Italian banking group UniCredit S.p.A. is reportedly reconsidering its strategy in Russia and may opt to liquidate its local operations rather than proceed with a previously discussed sale, according to media reports citing unnamed sources. The bank, once among the major foreign lenders operating in......

Turkey’s Central Bank rejects claims of undisclosed information shared in London

The Central Bank of the Republic of Turkey has firmly denied allegations that confidential information was shared with investors during recent briefings held in London. In an official statement, the bank described the claims as “completely unfounded,” emphasizing that all discussions were......

UBS holds $5,600 gold target and calls 17% pullback a buying opportunity

UBS is telling investors that gold's sharp retreat from its record high represents a buying opportunity rather than a trend reversal, maintaining a year-end price target of $5,600 per ounce even as the metal trades near the bank's own bear-case scenario. Gold has fallen more than 17% from its......

ECB raises concerns over banking experience of MPS CEO candidate

The European Central Bank (ECB) has expressed reservations بشأن the professional background of the candidate proposed to lead Monte dei Paschi di Siena (MPS), according to a source familiar with the matter. The concerns focus on whether the nominee has sufficient banking experience to head one of......

Euro Zone consumers lower inflation expectations before Iran conflict, ECB survey finds

Consumers in the euro zone were adjusting their expectations for inflation downward in the period leading up to the U.S.-Israeli conflict involving Iran, according to a survey by the European Central Bank (ECB) released on Friday. The survey showed that median inflation expectations over the next 12......

South African rand weakens ahead of central bank interest rate decision

The currency of South Africa declined in early trading as investors awaited a key monetary policy decision from the South African Reserve Bank. The rand slipped against the U.S. dollar, reflecting cautious market sentiment ahead of the central bank’s announcement on interest rates. Economists......

Bank of France records $15 billion gain from gold reserve upgrade

The Bank of France has reported a significant one-off financial gain of around $15 billion following the modernization of its gold reserves. The increase in value was largely driven by strong global gold prices and a strategic upgrade of its holdings. Over the past years, the central bank has gradually......