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Day: August 14, 2024

Dollar Drops as Inflation Data Reinforces Bets on 2024 Rate Cuts

The dollar extended losses today after falling against major currencies overnight as upbeat US producer price data reinforced bets on a rate cut this year (2024).

Risk-sensitive currencies stayed strong after the unexpected softening in inflation buo…

Gold Prices Inch Lower as US Inflation Data Looms

Gold prices edged lower today as investors remained on the sidelines ahead of a key US inflation print later in the day that could set the tone for the Federal Reserve’s September policy meeting.

Spot gold eased 0.2% to $2,460.87 per ounce. Prices hi…

Oman Oil Price Declines 79 Cents

Oman oil price (October delivery 2024) today reached 79.24 US Dollars, comprising a decline by 79 cents, compared to the price of yesterday (Tuesday), which stood at 80.03 US Dollars.

The average price of Oman oil (August delivery 2024) has stabilize…

MSX Gains 22 Points

Muscat Stock Exchange (MSX) general index (30) today gained (22.9) points, comprising a decline by (0.49%) to close at (4682.94) points, compared to the last session, which stood at (4660.05) points.

The trading value today stood at (RO 2,095,172), c…