Market

Gold Prices Decline as Trade Hopes Rise

Doha: Gold prices fell on Wednesday after US President Donald Trump retreated from threats to dismiss Federal Reserve Chair Jerome Powell and showed optimism regarding a potential trade agreement with China, which affected the safe-haven appeal of bul…

European Shares Rise, Boosted by Tech Gains

Doha: European shares climbed on Wednesday, boosted by strong earnings from Europe’s largest software maker SAP, while US President Donald Trump’s backflip from threats to dismiss Federal Reserve Chair Jerome Powell also provided relief to investors. …

Gold Prices Decline by More Than 3 Percent

Doha: Gold prices continued their decline from their all-time high on Wednesday, falling by more than 3 percent. Spot gold fell 3.2 percent to 3,274.35 per ounce, after reaching an all-time high of 3,500.05 in the previous session.

According to Qata…

Dollar Rises as Trump Reconsiders Firing Fed Chair

Washington: The US dollar experienced a significant rise against major currencies after US President Donald Trump decided to withdraw his threats to dismiss Federal Reserve Chairperson Jerome Powell. Powell had been under intense scrutiny for his deci…

Oman Oil Price Rises by USD 1.14 per Barrel

Muscat: The official price of Omani oil for June delivery reached USD 69.95 per barrel on Wednesday. It increased by USD 1.14 compared to Tuesday’s price, which stood at USD 68.81.

According to Qatar News Agency, the monthly average price of Omani c…