Saudi Press

Saudi Arabia and the world

Friday, Jun 05, 2026

Gold Prices Exceed $3,000 per Ounce Amidst Global Economic Instability

Investors are drawn to safe-haven assets as geopolitical tensions and trade policies heighten market volatility.

Gold has exceeded $3,000 per troy ounce for the first time, hitting $3,004, which marks a 14% rise since the start of the year.

This spike is linked to increasing global economic uncertainties, such as trade conflicts and geopolitical instability.

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Related Articles

Saudi National Football Team Finalizes Preparations for 2026 World Cup Group Matches

The Green Falcons are completing preparations for upcoming group-stage fixtures against Spain, Uruguay, and Cape Verde as anticipation builds ahead of the 2026 World Cup in Nort...

WWE Confirms Riyadh Event Despite Ongoing Regional Tensions

World Wrestling Entertainment said its Night of Champions event will proceed at Kingdom Arena later this month, maintaining its long-term partnership with Saudi Arabia despite b...

Public Investment Fund Expands Travel Retail Strategy to Capture Tourism Growth

Saudi Arabia's sovereign wealth fund is broadening its tourism and retail portfolio, including the launch of the Kingdom's first domestically owned duty-free operator to benefit...

Saudi Aramco Raises LPG Prices for Asian Buyers

The company has increased June prices for propane and butane exports by up to three percent, responding to tighter regional supplies and influencing petrochemical feedstock pric...

Singapore Airlines Launches Direct Flights Between Singapore and Riyadh

The carrier has begun operating four weekly Airbus A350 services linking Changi Airport and Riyadh, reflecting growing business and tourism ties with Saudi Arabia.

Riyadh to Host Major Global Summit on Artificial Intelligence and Data Infrastructure

More than 10,000 executives, investors, and policymakers are expected to attend a major AI gathering in the Saudi capital focused on sovereign data management, cloud infrastruct...

Jeddah Tower Surpasses 100 Floors as Construction Progresses

Work on the Jeddah Tower project has passed the 102-floor mark, moving the development closer to its planned height of more than one kilometre as construction continues.

Saudi Arabia Opens Construction Sector to Full Foreign Ownership

New regulations now allow complete foreign ownership of engineering and construction companies, part of a broader effort to attract international expertise and strengthen projec...

Riyadh Advances $5.5 Billion Tender for King Salman International Airport Expansion

Saudi authorities are preparing to award a major contract to build six parallel runways at King Salman International Airport, making it one of the largest construction tenders e...

Saudi Giga-Projects Shift Toward Phased Delivery and Commercial Priorities

Major developments including Neom and Diriyah are entering a phase focused on core infrastructure, housing, and transport, with contractor awards expected to total $86 billion t...

Saudi Authorities Reassess The Line Development Timeline Amid Capital Constraints

Officials are reportedly reviewing the pace and scope of development at The Line in Neom, with greater emphasis being placed on projects expected to deliver nearer-term economic...

Humain Secures $1.2 Billion Financing Framework to Expand AI Infrastructure

Saudi Arabia's national artificial intelligence company has agreed a major financing arrangement with the National Infrastructure Fund to accelerate the development of domestic ...

Saudi Press

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Saudi Press

Saudi Arabia and the world

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Japanese Technology Firm Fujitsu Launches Advanced Artificial Intelligence Tool for Corporate Disclosures

South Africa Officially Launches Nationwide Campaign for Highly Contested Local Government Elections

United Kingdom Commits Additional Funding for Unexploded Ordnance Clearance in Laos

Singapore Announces Stringent New Greenhouse Gas Regulations for Commercial Cooling Systems

Cambodia and Thailand Hold High-Level Border Security Talks at United Nations Headquarters

Myanmar Military Government and China Sign Major Agreement to Upgrade Media and Cultural Cooperation

Knife Attack at Swiss Train Station Leaves Three Injured in Suspected Act of Domestic Terrorism

Transnational Extortion Gang Threatens Canadian Police With Army of One Thousand Armed Operatives

Australia Imposes Forty-Two-Day Quarantine on Cruise Ship Passengers Following Deadly Hantavirus Outbreak

International Monetary Fund Unlocks Seven Hundred Million United States Dollars for Sri Lanka Following Economic Reforms

Australia Launches Record One Point Four Billion Dollar Lawsuit Against Chemical Giant 3M Over Contamination

China and Canada Foreign Ministers Meet in Ottawa in Effort to Stabilize Strained Diplomatic Ties

Indonesia Demands Urgent United Nations Security Council Reform Amid Escalating Global Conflicts

Extreme Weather Patterns Trigger Severe Drought in Madagascar and Destructive Flooding in East Africa

Indian State of Karnataka Faces Political Upheaval as Chief Minister Siddaramaiah Abruptly Resigns

Philippines and Japan Reaffirm Defense Ties as Crucial for Indo-Pacific Regional Stability

Norway Joins French Nuclear Deterrence Initiative in Major Shift for European Security Architecture

Global Critical Mineral Alliances Expand as Western Nations Move to Counter Chinese Supply Dominance

United States Imposes Fifty Percent Tariffs on Mexican Steel and Aluminum Ahead of Trade Pact Review

European Union and China Head Toward Major Trade Conflict Over Clean Technology Exports

United States Economic Growth Severely Downgraded to One Point Six Percent as Stagflation Fears Mount

World Health Organization Warns Central African Ebola Epidemic is Outpacing Containment Efforts

United States Treasury Department Conditions Sanctions Relief on Reopening of the Strait of Hormuz

Iranian Air Defenses Intercept and Destroy United States Military Drone Over Bushehr Province

Iranian Armed Forces Launch Ballistic Missiles Toward Unspecified Targets Prompting Regional Condemnation

United Nations Secretary-General Warns Global Order Facing Highest Level of Conflict Since 1945

Israel Issues Sweeping Evacuation Orders in Southern Lebanon Amid Intensified Hezbollah Conflict

Russia Announces Systemic Military Strikes Targeting Ukrainian Defense and Energy Infrastructure

United States and Iranian Negotiators Reach Draft Agreement to Extend Ceasefire and Resume Nuclear Talks

United Nations Security Council Deeply Divided Over United States Capture of Venezuelan President

US and Iran Exchange Direct Military Strikes Amid Fragile Gulf Ceasefire

World Health Organization Warns of Catastrophic Ebola Outbreak in DR Congo

Russia Threatens New Wave of Strikes on Ukrainian Infrastructure and Embassies

Scientists Warn Atlantic Ocean Currents Could Collapse Faster Than Projected

Anthropic Reaches $900 Billion Valuation in Historic AI Funding Round

Washington Imposes Crippling Sanctions on Iranian Maritime Authority

Japan and the Philippines Initiate Strategic Intelligence-Sharing Pact

Microsoft Deploys Autonomous Computer-Using AI Agents to Global Markets

Anthropic Secures $45 Billion Compute Infrastructure Agreement With SpaceX

U.S. Director of National Intelligence Resigns Amid Administration Shakeup

Micron Technology Crosses Trillion-Dollar Valuation Amid Unprecedented Hardware Demand

Canada and Germany Finalize Historic Long-Term LNG Export Agreement

China Expands International Travel Restrictions on Domestic AI Researchers

Japan Approves Sweeping Overhaul of National Intelligence Apparatus

Global Airlines Scramble Logistics as Middle East Airspace Remains Fractured

Japan's Naphtha Imports Plunge 47 Percent Amid Strait of Hormuz Closure

Global Crude Prices Retreat Below $96 as Gulf Tensions Momentarily Ease

Generative AI Outperforms Human Baselines in Landmark Global Creativity Study

NASA Partners With Private Aerospace to Unveil Permanent Lunar Base Architecture

South Korean Equity Markets Surge on Next-Generation Memory Chip Frenzy