Muscat: The US dollar today traded sideways after declining for a week, hemmed in by the Federal Reserve’s caution over the economy and as US lawmakers came closer to passing a bill expected to widen the nation’s fiscal deficit. The Australian dollar …
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Gold Rises on Softer Dollar
London: Gold prices today climbed as a softer dollar and renewed trade tensions fueled safe-haven demand. Spot gold was up 0.7% at $3,223.55 an ounce, and US gold futures gained 1.3% to $3,228.70.
According to Oman News Agency, gold had shed more th…
Dollar Eases After Four-Week Rally Amid Credit Rating Downgrade and Trade Tensions
Singapore: The US dollar today trimmed its gains at the start of Asian trading, following a four-week rally, as markets digested the surprise downgrade of the US government’s credit rating, while persistent trade tensions weighed on investor sentiment…