Commodity currencies slid to multi-week lows today on the back of weakening raw material prices with the heaviest selling against the yen, which surged to its highest in two months as short sellers bailed out ahead of a central bank
Gold prices inched higher today, with investors awaiting US economic data that could influence the Federal Reserves rate-cut timeline.
Spot gold was up 0.3% at $2,416.62 per ounce, and US gold futures gained 0.4% to $2,417.10.
As for other precious
Oil prices rose today after several days of decline, affected by falling US crude inventories.
Brent crude futures for September rose 37 cents, or 0.5%, to $81.38 a barrel. US West Texas Intermediate crude for September increased 38 cents, or
Muscat Stock Exchange (MSX) general index (30) today gained (5.8) points, comprising a rise by (0.12%) to close at (4667.43) points, compared to the last session, which stood at (4661.63) points.
The trading value today stood at (RO 2,855,253), compr…
Oman oil price (September delivery 2024) today reached 80.66 US Dollars, comprising a drop by 1.29 US Dollars, compared to the price of yesterday (Tuesday) which stood at 81.95 US Dollars.
The average price of Oman oil (July delivery 2024)
The Ministry of Finance announced on Wednesday that the budget’s actual deficit hit KD 1.6 billion (nearly USD 5.2 billion) in the fiscal year 2023/2024.
The figure reflects a decrease of 17.9 percent compared to last year, according to a