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Day: June 4, 2026

Gold Prices Rise Amid Softer US Dollar and Lower Oil Prices

June 4, 2026 by emiratespressreleases.net

Abu dhabi: Global commodity markets Global commodity markets experienced a reallocation of capital during early Asian trading on Thursday, as a contraction in oil prices and a weaker US dollar combined to lift gold and other precious metals.

Accordi…

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Lebanon and Israel Agree to Ceasefire After Washington Negotiations

June 4, 2026 by emiratespressreleases.net

Lebanon: Lebanon and Israel have agreed to implement a ceasefire following extensive negotiations held in Washington, according to a joint statement issued by the United States late last night.

According to Emirates News Agency, the joint communique…

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Oil Prices Drop in Early Asian Trading Amid Profit-Taking

June 4, 2026 by emiratespressreleases.net

Abu dhabi: Oil prices fell during early Asian trading on Thursday, reversing some of the sharp gains recorded in the previous session: Brent crude futures declined by 67 cents, or 0.69%, to trade at $97.14 a barrel. Meanwhile, US West Texas Intermedia…

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Emir of Qatar and US President Discuss Regional De-Escalation Efforts

June 4, 2026 by emiratespressreleases.net

Doha: H.H. Sheikh Tamim bin Hamad Al Thani, Emir of the State of Qatar, received a phone call on Wednesday from US President Donald Trump. During the call, the two sides discussed the latest updates in the Middle East in light of ongoing political and…

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OIC Condemns Iranian Attacks on Bahrain and Kuwait

June 4, 2026 by emiratespressreleases.net

Jeddah: The General Secretariat of the Organisation of Islamic Cooperation (OIC) strongly condemned the continuous Iranian attacks targeting the Kingdom of Bahrain and the State of Kuwait.

According to Emirates News Agency, the secretariat stated in…

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Oil Prices Surge Amid Geopolitical Tensions and Supply Concerns

June 4, 2026 by emiratespressreleases.net

Abu dhabi: Oil prices settled higher at the close of trading on Wednesday: Oil prices settled higher at the close of trading on Wednesday. Brent crude futures rose by $1.81, or 1.89%, to reach $97.81 a barrel. Meanwhile, US crude futures increased by …

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Bitcoin Drops to Three-Month Low After Four Percent Slide

June 4, 2026 by emiratespressreleases.net

New york: Bitcoin fell by four percent on Wednesday to trade at $64,721.39 dollars, marking its lowest level since 28 February. The sharp decline forms part of a broader sell-off across the digital asset market, which has faced mounting pressure from …

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US Stocks Decline as Tensions and Commodity Prices Rise

June 4, 2026 by emiratespressreleases.net

Wall street: US stocks closed lower on Wednesday as investors pulled back from equities amid heightened geopolitical tensions and rising commodity prices.

According to Emirates News Agency, the benchmark S and P 500 index shed 54.11 points, or 0.74%…

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