Muscat: Gold prices dipped today, as the US dollar firmed after stronger-than-expected January jobs data dented expectations for near-term interest rate cuts, while investors awaited inflation data on Friday for more monetary policy cues. Spot gold ed…
Business
Nikkei Surpasses 58,000 Points for the First Time
Tokyo: Japan’s Nikkei index today exceeded the 58,000-point level for the first time, buoyed by a wave of gains in government bonds and the yen, as markets absorb the implications of Japanese Prime Minister Sanae Takaichi’s historic election win. With…
Dollar Eases as Yen Firm on Japan Equity Rally
Tokyo: The US dollar weakened today, while the Japanese yen maintained its recent gains, buoyed by a rally in Japanese equities and investor expectations that Prime Minister Sanae Takaichi’s landslide victory would bolster her fiscal policy agenda. Th…