Search Results

Gold on pace for its best year since 1979 — but one analyst thinks prices have peaked

Gold on pace for its best year since 1979 — but one analyst thinks prices have peaked

Gold (GC=F) futures sat near $4,000 per ounce on Friday, remaining steady after last month’s sharp sell-off but raising questions over where the precious metal is headed next.Gold is still on pace for its best year since 1979, driven by central bank purchasing and increased in

Ultimate Uganda

I Asked ChatGPT What the Worst Things You Can Do With Your Money Are — Here’s What It Said

I Asked ChatGPT What the Worst Things You Can Do With Your Money Are — Here’s What It Said

ChatGPT, the popular artificial intelligence (AI) bot, sometimes takes criticism for providing erroneous calculations or generic information. But when it comes to outlining the worst things you can do with your money, the AI is spot-on.I asked ChatGPT this very question to see w

Ultimate Uganda

Abu Dhabi hosts oil summit as OPEC+ halts production hikes planned for first quarter of 2026.

Abu Dhabi hosts oil summit as OPEC+ halts production hikes planned for first quarter of 2026.

ABU DHABI, United Arab Emirates (AP) — Abu Dhabi hosted a major oil summit Monday, hours after the OPEC+ group of the cartel and its allies said it would halt further production increases planned in the first quarter of 2026 over concerns of too much supply in the market.The O

Ultimate Uganda

Spot gold was trading at $4,004.73 an ounce as of 12:55 p.m. in Singapore.

Spot gold was trading at $4,004.73 an ounce as of 12:55 p.m. in Singapore.

Gold held around $4 000 an ounce after a weak start on Monday, after China ended a long-standing tax rebate for some retailers in a change that could weigh on demand in one of the world’s largest precious-metals markets.Bullion for immediate delivery rose 0.1%, after falling a

Ultimate Uganda

Gold steady amid firmer dollar.

Gold steady amid firmer dollar.

Bengaluru — Gold held steady on Monday, kept in check by a strong dollar as investors dialled back bets for further Federal Reserve rate cuts in the near term, while easing US-China trade tensions also crimped bullion demand.Spot gold was flat at $4,000.65/oz by 5.0

Ultimate Uganda

How Sudan is giving Russia the Red Sea.

How Sudan is giving Russia the Red Sea.

Reader modeHow Sudan is giving Russia the Red Sealbc.co.uk2dThe proposal grants Russia permission to build and operate a Naval Technical and Logistical Support Point (PMTO) at Port Sudan, one of the country's most

Ultimate Uganda

Uganda’s rising debt, shrinking lives

Uganda’s rising debt, shrinking lives

How government’s borrowing spree is leaving citizens bearing the country.At dawn, the roar of engines rises above the quiet streets of Entebbe as David Tumusiime, 47, prepares for his daily commute to Kampala. Like thousands of other motorists, he joins the line sn

Ultimate Uganda

Crushed by punishing US sanctions, Russia’s Lukoil sells its international business.

Crushed by punishing US sanctions, Russia’s Lukoil sells its international business.

Lukoil said Thursday it had accepted an offer from global commodity trader Gunvor to buy its foreign assets, which Russia’s second-largest oil company is seeking to sell after Washington imposed sanctions on it last week.The planned asset sale is the most consequential action

Ultimate Uganda

DENIS TUKAHIKAHO PhD: Uganda’s $31M carbon deal is just the beginning—now let’s plant more trees.

DENIS TUKAHIKAHO PhD: Uganda’s $31M carbon deal is just the beginning—now let’s plant more trees.

Denis Tukahikaho Ph.D. is an expert on Cooperatives, Financial Inclusion and Renewable Energy InvestmentKAMPALA – The Green Climate Fund (GFF) has approved a USD 31 million (UGX 107.7 bn) as a result-based payment for Uganda in recognition of measurable success in reducing deforestation

Ultimate Uganda

Oil set for third monthly decline as strong dollar weighs

Oil set for third monthly decline as strong dollar weighs

Singapore — Oil prices eased on Friday, heading for a third consecutive monthly decline, as a stronger dollar and weak China data capped gains while rising supply from major producers globally offset the effect of Western sanctions on Russian exports.Brent crude futures slippe

Ultimate Uganda