Muscat: Gold edged higher today, supported by a weaker dollar after mild US inflation data cemented bets for an interest rate cut in September. Spot gold was up 0.2% at $3,351.46 per ounce, and US gold futures for December delivery were steady at $3,3…
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Dollar Declines on September Rate Cut Expectations
New york: The dollar weakened today after a tame reading on US inflation bolstered expectations of a Federal Reserve rate cut next month. The dollar index, which measures the performance of the US currency against a basket of major currencies, fell to…
US National Debt Tops $37 Trillion for First Time
Washington: The US national debt has exceeded $37 trillion for the first time in the country’s history. Data released by the US Treasury Department yesterday “Tuesday” showed gross national debt reaching $37.005 trillion.
According to Oman News Agen…