Muscat: The Muscat Stock Exchange “MSX 30” index today closed at 7,508.77 points, marking a rise of 27.1 points, or 0.36 percent, from the previous session’s close of 7,481.70 points.
According to Oman News Agency, the trading value stood at RO 52,…
Business
Gold Rises as Expectations of US Interest Rate Hike Recede
Muscat: Gold hit its highest level in more than two months today, driven by receding expectations of a US interest rate hike following data showing a slowdown in inflationary pressures. Investors are now awaiting producer price data for further clues …
Dollar Holds Steady as US Rate Hike Expectations Subside
Muscat: The dollar maintained its position after the release of US inflation data on Wednesday, which tempered expectations for an immediate interest rate hike by the Federal Reserve. The dollar also held its ground against the yen, and is set for a w…