Category: Business

Gold Edges Lower as Inflation Fears Cloud US Rate Outlook

Riyadh: Gold prices edged slightly lower today, weighed down by inflation concerns that have cast a shadow over the outlook for US monetary policy, while markets await developments in peace negotiations between the United States and Iran. Spot gold fe…

Oil Prices Drop as US Moves to Free Stranded Middle East Vessels

Brent: Brent crude futures for July delivery fell 2 percent following US President Donald Trump’s announcement of the initiation of efforts to free stranded vessels in the Middle East, according to trading data.

According to Oman News Agency, Brent …