Business

Dollar Rises 0.1% as Fed Holds Rates

Muscat: The US dollar found its footing in Asian trading today after the Federal Reserve kept its policy interest rate on hold, with Chair Kevin Warsh leaving markets uncertain about resolving divisions within its rate-setting committee.

According t…

Business

Gold Rises $4080.38 Per Ounce

Muscat: Gold prices edged higher today, as markets assessed comments from US Federal Reserve Chairman Kevin Warsh on tackling inflation after the central bank left interest rates unchanged at its latest policy meeting.

According to Oman News Agency,…

Business

Oil Declines, Brent Crude at $89.45 pb

Muscat: Oil prices relinquished some of their gains today, with Brent crude futures falling $1.29, or 1.42%, at $89.45 a barrel. US West Texas Intermediate (WTI) crude slipped 56 cents, or 0.66%, to $83.90 a barrel. Preliminary shipping data showed th…