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 …
Business
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…
Dollar Drops to Three-Month Low
Muscat: The US dollar stood at three-month lows today after the Treasury Department moved to calm a bond market rout that had pushed long-end yields to their highest since 2007. The dollar index, which measures the US currency against six other units,…