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Category: Trading

Gold, Silver Prices Edge Higher as US Treasury Yields Decline

Muscat: Gold and silver prices edged higher today as US Treasury yields declined following data showing a stall in December retail sales growth, signaling a potential economic softening ahead of key labor market data. Spot gold rose 0.3% to $5,038.73 …

Oil Prices Steady as Traders Await US Oil Inventory Data

Muscat: Oil held steady today, as traders are waiting for weekly US oil inventory data. Brent crude oil futures were up 23 cents, or 0.3%, at $69.03 a barrel. US West Texas Intermediate crude rose 23 cents, or 0.4%, to $64.19.

According to Oman News…

Dollar Eases as Yen Firm on Japan Equity Rally

Tokyo: The US dollar weakened today, while the Japanese yen maintained its recent gains, buoyed by a rally in Japanese equities and investor expectations that Prime Minister Sanae Takaichi’s landslide victory would bolster her fiscal policy agenda. Th…

Gold Eases but Holds Above $5,000 Ahead of Key US Data

Muscat: Gold prices eased today but remained above the $5,000-an-ounce level, as investors adopted a cautious stance ahead of key US employment and inflation data due later this week, which are expected to provide further insight into the future path …