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Category: Trading

Oil Prices Go Down Amid Reduced Supply Concerns

Jerusalem: Oil prices slipped today amid some supply concerns ease after last week’s US-Russia meeting. Brent crude futures dropped 26 cents, or 0.39%, to $65.59 a barrel while US West Texas Intermediate crude was at $62.62 a barrel, down 18 cents, or…

Gold Rebounds after Hitting Two-Week Low

Jerusalem: Gold price rose after hitting a two-week low, supported by lower US Treasury yields. Spot gold gained 0.3% to $3,345.64 per ounce today, after hitting its lowest level since 1 August. US gold futures for December delivery rose 0.3% to $3,39…

Oil Prices Rise Ahead of Anticipated US-Russian Meeting

Muscat: Oil prices rose today, following a sell-off in the previous session ahead of the anticipated meeting between the US President and his Russian counterpart. Brent crude futures rose 28 cents, or 0.43%, to $65.91 a barrel, while US West Texas Int…

Dollar Declines Amid Expectations of Interest Rate Cut

Muscat: The US dollar fell to its lowest level in several weeks against major currencies today, amid market expectations that the US Federal Reserve will resume cutting interest rates next month. The dollar index, which measures the performance of the…

Gold Extends Gains for 3rd Consecutive Session

Muscat: Gold prices rose for the third consecutive session today, supported by a weaker dollar and lower Treasury yields as traders’ bets on a US interest rate cut in September increase. Spot gold rose 0.4% to $3,367.53 per ounce, and gold futures for…