Gold, currency and oil prices, and essential economic and market news.
The Reserve Bank of India announced the sale of 250 billion rupees worth of government bonds, equivalent to about 2.58 billion dollars, and raised banks’ daily cash reserve compliance requirement to 99% from October 16, as part of measures to absorb excess liquidity from the banking system.
134.89
USD / g1.9596
USD / g125.44
USD / bbl96.24
USD / bbl1.1216
USD49.236
TRYIraq has begun applying a new official exchange rate of 1,520 dinars to the dollar, up from 1,320 dinars, as the gap with the parallel market widens and concerns grow over higher import costs and prices.
Major European industrial groups, including those in metals, chemicals and auto parts, are calling for swift measures to protect against what they describe as unfair competition from Beijing.
The United Nations Conference on Trade and Development (UNCTAD) expects global economic growth to slow to 2.6% in 2026, from 2.9% last year, as the fallout from the Middle East crisis spreads to energy, trade and financial markets.
U.S. President Donald Trump said 22 million barrels of oil crossed the Strait of Hormuz in a single night, while pledging not to attack Iran before the November 3 congressional midterm elections. Brent crude fell to around $102.60 a barrel.
Corporate insolvencies in Germany rose 13% in September to 1,666 cases, as energy and financing costs weighed on industry, despite the government raising its 2026 economic growth forecast to 1.3%.
The United Nations Conference on Trade and Development (UNCTAD) said on Friday that global economic growth is likely to slow to 2.6% in 2026, down from 2.9% last year, as an energy shock stemming from the crisis in the Middle East tests the resilience of the global economy. UNCTAD said in its Trade and Development Report that trade in goods and services is expected to grow by 4% at constant prices, after global trade reached an unprecedented 35 trillion dollars in 2025, although the projected increase is being driven by higher energy prices. Trade between China and the United States has fallen by more than 20% since 2024, while East Asia has expanded trade with China and North America, Reuters reported. “Export controls, investment screening and supply-chain conditions make it difficult for new participants to access strategic sectors,” UNCTAD said. Asia is expected to account for 59% of global economic growth in 2026, with India’s economy forecast to grow by 7.3%, China’s by 4.5% and Indonesia’s by 5.2%. UNCTAD said artificial intelligence products such as semiconductors are a key driver of trade.
Latest reference closing rates from US EIA.
125.44
USD / bbl96.24
USD / bblLatest gold and silver prices compared to previous data.
134.89
USD / g1.9596
USD / g1.1216
USD49.236
TRY3.75
SAR3.6725
AED
