Author: ann.admin

Gold Retreats 0.6% After Scaling Over 2-Month Peak

Muscat: Gold fell today, as investors took profits after prices surged to their highest level in more than two months following a surprise US Treasury liquidity-support announcement for long-duration bonds that weakened the dollar and pushed Treasury …

European Stocks Open Mixed Following U.S. Treasury Announcement

Muscat: European stock indexes opened today’s trading with mixed performance, after the US Treasury Department announced that it was taking measures to reduce borrowing costs, at a time when pressure resulting from rising energy prices continued. Amon…

Oil Prices Steady as Investors Assess Hormuz Shipping Security

Muscat: Oil prices held steady in early trade today as investors assessed the outlook for the US-Iran war and the security of shipping through the Strait of Hormuz. Brent crude futures for October delivery rose 25 cents, or 0.3%, to $91.87 a barrel, w…