Muscat: Gold prices today retreated, pulling back from a two-week high reached in the previous session as a stronger U.S. dollar exerted downward pressure. Despite the dip, the metal continued to draw underlying support from growing expectations of U….
Month: August 2025
Dollar Attempts a Modest Rebound After Powell-Led Selloff
New york: The U.S. dollar today edged higher, striving to stabilize after a sharp decline triggered by Federal Reserve Chair Jerome Powell’s unexpectedly dovish commentary last week. The greenback’s attempted recovery follows a selloff that drove it t…
European Stocks Retreat from Record Highs as Renewable Sector Slumps
Muscat: European equities pulled back today, easing from near-record levels as a sharp sell-off in renewable energy stocks offset momentum from broad optimism over prospective U.S. monetary easing. The decline was led by heavy losses in the green ener…