Muscat: Gold prices rose for the third consecutive session today, supported by a weaker dollar and lower Treasury yields as traders’ bets on a US interest rate cut in September increase. Spot gold rose 0.4% to $3,367.53 per ounce, and gold futures for…
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Oil Prices Rise Ahead of Anticipated US-Russian Meeting
Muscat: Oil prices rose today, following a sell-off in the previous session ahead of the anticipated meeting between the US President and his Russian counterpart. Brent crude futures rose 28 cents, or 0.43%, to $65.91 a barrel, while US West Texas Int…
Dollar Declines Amid Expectations of Interest Rate Cut
Muscat: The US dollar fell to its lowest level in several weeks against major currencies today, amid market expectations that the US Federal Reserve will resume cutting interest rates next month. The dollar index, which measures the performance of the…