Doha, Qatar: The price of gold has slid sharply, reaching its weakest level since December 11 2025, after logging its worst week in about 43 years.
Meanwhile, oil prices stabilized Monday as investors balanced US and Iranian threats to target energy facilities, which could escalate the war, against the release of millions of barrels of seaborne Iranian oil into global markets after Washington temporarily lifted sanctions.
Stay tuned for more updates
------------------------------------
11:00am Doha time
Gold declines 6 percent amid Gulf regional tension
The price of gold has slid sharply, reaching its weakest level since December 11 last year, after logging its worst week in about 43 years, as the escalating US-Israel war on Iran raises inflation concerns and higher global interest rates.
Spot gold fell 6 percent to $4,214.89 per 1 ounce (28.3 grams) extending losses into a ninth straight trading session.
The metal according to Al Jazeera dropped more than 10 percent last week, its worst week since February 1983, and has also retreated more than 20 percent from its record peak of $5,594.82 an ounce reached on January 29.
10:39am Doha time
Saudi Arabia announces interception, destruction of three drones in Eastern province
The Saudi Ministry of Defense announced that air defenses intercepted and destroyed three drones.
The official spokesperson for the Ministry, Brigadier General Turki Al Malki, stated that air defenses intercepted the three drones in the Eastern Province on Monday morning.
The ministry had previously intercepted and destroyed two drones in the same region last night, in addition to detecting the launch of two ballistic missiles toward the Riyadh region, noting that one was intercepted while the other fell in an uninhabited area
10:31am Doha Time
Oil prices stabilize as investors assess US, Iranian threats to facilities
Oil prices stabilized Monday as investors balanced US and Iranian threats to target energy facilities, which could escalate the war, against the release of millions of barrels of seaborne Iranian oil into global markets after Washington temporarily lifted sanctions. Read more
7:40am Doha Time
One Injured by falling debris following missile interception in UAE
The Abu Dhabi Media office said relevant authorities have responded to an incident involving debris falling in the Al Shawamekh area following the successful interception of a ballistic missile by air defence systems.
The incident resulted in a minor injury to an Indian national. The public is reminded to obtain information from official sources only and avoid spreading rumours or unverified information.
