Gold Prices Drift Higher as Key US Inflation Data Looms

Singapore, Gold prices drifted up on Tuesday, with the spotlight shifting to key inflation reports due this week, which could offer more insights on the pace and scale of the US Federal Reserve’s (central bank) interest rate cuts this year.

Spot gold…

Dollar Steadies, Yen Nears Two-Week Low

Singapore, The dollar was steady on Tuesday as investors awaited an inflation report this week that will likely shape the US rates outlook, while the yen was hovering near a two-week low.

The euro was little changed at $1.0786 but is up 1% against th…

Oman Central Bank Issues Treasury Bills Worth OR 33 Million

Muscat, Oman Central Bank (OCB) has announced that the total value of government treasury bills allocated for this week amounted to OR 33 million.

In a statement on Monday, OCB explained that the value of the bills allocated for a maturity period of …

“Statistics”: The consumer price index fell by 1.91% in April

Ramallah – Ma’an – The results of a periodic survey by the Central Bureau of Statistics, issued today, Tuesday, showed a decrease in the consumer price index in Palestine during April, by 1.91%, compared to the previous March, as a result of its decli…

Gold Prices Drift Higher as Key US Inflation Data Looms

Singapore, Gold prices drifted up on Tuesday, with the spotlight shifting to key inflation reports due this week, which could offer more insights on the pace and scale of the US Federal Reserve’s (central bank) interest rate cuts this year.

Spot gold…

QSE Index Rises 0.19% at Start of Trading

Doha: The general index of Qatar Stock Exchange (QSE) rose 18.13 points, or 0.19%, at the beginning of trading on Tuesday, reaching 9,686 points, compared to yesterday’s closing.

The general index was supported by a rise in Transportation by 0.69%; R…

Oil Prices Tick Up on Tighter Supply Outlook

Singapore, Oil prices rose on Tuesday as the supply-demand balance looked set to tighten on operational disruptions, stronger demand and voluntary output cuts.

The market is watching wildfires in remote western Canada that could disrupt the country’s…