Gold prices rose to record highs today, amid signs in the market that more interest rate cuts are on the horizon, in addition to traders exploiting the momentum generated by the Federal Reserve's decision to cut US interest rates. Spot gold rose to $2,625.71 per ounce, while US gold futures fell 0.1% to $2,643.90. The US Fed began easing monetary policy with a half-percentage-point rate cut on Wednesday, forecasting a further half-point reduction by year-end, a full point next year (2025), and an additional half-point in 2026. Spot silver was down 0.2% to $31.06 per ounce, platinum fell 0.8% to $967.81 and palladium shed 1.3% to $1,053.67. Source: Oman News Agency
Related Articles
EU provides pound 43 million for Palestinian Authority salaries
The European Union has provided a contribution of 43 million euros to help the Palestinian Authority pay the salaries and pensions of its employees and civilian retirees in the West Bank.
This support, according to a statement by the European Union …
SECURITY UPDATE: ENEMY TARGETS GROVE NEAR KFARKILA WITH PHOSPHORUS SHELLS
The Israeli enemy on Monday targeted a grove near the southern Lebanese town of Kfarkila with phosphorus shells, causing a fire to break out in the area.
Source: National News Agency – Lebanon
Trial Operation of Seeh Al Ma’ashi Health Center in Bahla to Begin Sunday
Bahla: The Ministry of Health has announced the commencement of trial operations and the start of receiving patients and providing health services at the Seeh Al Ma’ashi Health Center in the Wilayat of Bahla, A’Dakhiliyah Governorate, this Sunday.
A…