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Gold lacks the juice to break through $2,000 next week, but analysts don t recommend shorting it

Gold lacks the juice to break through $2,000 next week, but analysts don t recommend shorting it
kitco.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kitco.com Daily Mail and Mail on Sunday newspapers.

UAE GDP: UAE s GDP grew 3 7% in first half of 2023, supported by non-oil sector

The United Arab Emirates (UAE) reported a 3.7% increase in its gross domestic product (GDP) for the first half of the year, with non-oil sector growth surging by 5.9%. The non-oil sector now accounts for over 70% of the UAE s GDP, reflecting the country s efforts to diversify its economy away from oil and toward knowledge-based industries.

Weak Demand: Amplifon lowers profit forecast on weak demand, global uncertainty

International Business News: Italian hearing aid maker Amplifon lowered its full year guidance for recurring core profit on Monday, citing weaker than expected demand in Europe an

inflation: India gaining momentum amid global uncertainty with moderating inflation, less volatile rupee: RBI Bulletin

The Reserve Bank of India (RBI) has stated in its October bulletin that India is gaining momentum despite global uncertainty. Inflation has eased and the rupee has become less volatile. The article highlights India s positive performance in high-frequency indicators, particularly in capital-heavy industries. The Indian rupee is currently displaying low volatility, and the moderation in inflation is reinforcing the country s macroeconomic fundamentals. The global economic scenario is also discussed, with a slowdown in global growth noted.

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