Gold slumps below $4 000 as stronger dollar, rate outlook weigh
Gold extended a decline, a day after a resurgent US dollar and the prospect of higher interest rates pushed the metal below $4,000 an ounce for the first time since November.
Wealthy Asians move Dubai assets closer to home on Iran war fears
…wealthy Asians are making enquiries or taking similar steps to move their Dubai-parked assets to the regional financial hubs of Singapore and Hong Kong
Fuel prices jump on Middle East crisis
The hike, which will be in force for the next two weeks, is expected to trigger a fresh wave of price increases across the economy, raising concerns about renewed inflationary pressures and higher transport and production costs.
Zim businesses rush offshore for cheaper credit
The Reserve Bank of Zimbabwe (RBZ) says the country’s private sector borrowed a record US$3,53 billion from foreign banks and financial institutions in 2025, a 43 percent jump from the US$2,46 billion secured in 2024, as businesses increasingly look beyond the country’s borders for more affordable and accessible credit.
US, Iran crisis hits airline industry
Middle Eastern airlines were severely disrupted… with Emirates canceling 87% of its scheduled flights and FlyDubai canceling 89%. The cancellation rate at Etihad, Gulf Air and Qatar Airways were 67%, 79% and 36% respectively, according to the data.
Aluminium surges on Middle East conflict supply fears
Copper gained 0.3% and zinc rose 0.9%, while iron ore climbed 0.7% to $99 a ton in Singapore. The dollar strengthened, a headwind for dollar-denominated commodities, said Bloomberg News.