Trading

Gold Prices Rise Amid Optimism About US Interest Rate Cut

Web DeskComments Off on Gold Prices Rise Amid Optimism About US Interest Rate Cut


Gold prices rose amid optimism about a cut in US interest rates, while traders are awaiting economic data for clues on the path that the Federal Reserve (the US central bank) will follow.

Safe-haven spot gold rose 0.3 percent to $2,389.42 an ounce, while US gold futures fell 0.2 percent to $2,428.40.

As for other precious metals, silver rose by about 1 percent to $26.84 an ounce, platinum rose by 0.1 percent to $920.40, while palladium gained 1.2 percent to $892.75.

Source: Oman News Agency

Web Desk

Related Articles
Trading

Oil Prices Jump nearly Three Percent as US Inventory Falls

Web Desk

Oil prices rose 3 percent amid investor fears of a widening conflict in the Middle East and after a sharp drop in US crude inventories.

Brent crude futures climbed $2.09 a barrel, or 2.66%, to $80.72, for delivery in September. The more active Octobe…
Trading

Bahrain Islamic Index closes higher

Web Desk

Manama, Bahrain All Share Index has closed at 1,929.64 points, marking a decrease of 1.60 points below the previous closing.

This decrease was due to the drop in the material sector and the real estate sector.

Bahrain Islamic Index has closed at 795…
Trading

Exchange Rate Index of Omani Rial Rises 1.6pc

Web Desk

The effective exchange rate index of the Omani Rial rose by 1.6% to 115.3 points by the end of June 2023, compared to 113.5 points at the end of the same period in 2022, according to the data issued by the National Centre for Statistics and Information…