Muscat: The dollar was steady in early Asian trading today, as investors awaited inflation reports from major economies, including the United States, ahead of the Federal Reserve’s annual Jackson Hole symposium this weekend. The dollar remained in the…
Muscat: Oil prices dropped about 2% today, extending losses from the previous session, as renewed hopes that the Strait of Hormuz could reopen emerged after Iran said it had resumed talks with Oman on managing the strategic waterway. Brent crude futur…
Muscat: Gold prices eased today, on track to snap a three-session winning streak, with focus shifting to US inflation data due later today for signals on the Federal Reserve’s outlook on interest rates. Spot gold fell 0.6 percent to USD 4,626.79 per o…