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Category: Trading

Gold Rises on Federal Reserve Rate Cut Bets

Muscat: Gold prices rose today, buoyed by expectations of another Federal Reserve interest rate cut in December and a slew of weak economic data that raised global growth worries. Spot Gold gained 0.7% to $4,027.88 per ounce. US gold futures for Decem…

Dollar Steadies Amid Global Growth Concerns

Tokyo: The US dollar remained steady and showed resilience in early Asian trading today amid renewed concerns about global growth following the release of a series of weak economic data. The US dollar index, which measures the US currency performance …

Oil Rises on Hopes US Government to Reopen Soon

Muscat: Oil prices rose today on optimism that the US government shutdown could end soon and lift demand in the world’s top oil consumer, offsetting concerns about rising supplies globally. Brent crude futures rose 47 cents, or 0.74%, to $64.10 a barr…