Muscat: Gold prices today fell to their lowest level in nearly a week, pressured by a resurgent dollar, while a sharp spike in energy costs stoked inflation concerns and further eroded expectations of a Federal Reserve interest rate cut this year. Spo…
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E.ON Warns of Long-Term Energy Price Rises in Germany Amid Middle East Turmoil
Berlin: German energy giant E.ON expects electricity and gas prices to continue climbing over the long term as a result of ongoing tensions in the Middle East, according to senior company officials.
According to Oman News Agency, Filip Thon, CEO of …
Dollar Strengthens in Early Asian Trade as US-Iran Peace Talks Falter
Muscat: The dollar strengthened to the highest level in a broad rally against most its peers in early Asian trade today as peace talks between the US and Iran broke down and the US Navy prepared a blockade of Iranian ports. The US dollar index, which …