Today Israel approves plan to take control of Gaza City (2025)

Israel

JERUSALEM/CAIRO, Aug 7 (09:59AM) – Israel political-security cabinet approved a plan to take control of Gaza City early on Friday, hours after Prime Minister Benjamin Netanyahu said Israel intended to take military control of the entire strip despite intensifying criticism at home and abroad over the devastating almost two-year-old war.

Read More →

Gold price retreats from monthly top as modest USD strength prompts profit-taking

Gold Outlook: Investors await US tariff headlines, NFP

Gold price (XAU/USD) retreats from its highest level since June 16, around the $3,439 region touched during the Asian session on Wednesday, and for now, seems to have snapped a three-day winning streak. The global risk sentiment gets a fresh boost after US President Donald Trump announced a trade deal with Japan. This, in turn, undermines the safe-haven precious metal and prompts some profit-taking amid a modest US Dollar (USD) recovery.

Read More →