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
South Korea, US, Japan Reaffirm Commitment to Trilateral Security Cooperation
Senior defense officials from South Korea, the United States and Japan today reaffirmed their commitment to trilateral security cooperation.
The agreement came at the 15th Defense Trilateral Talks (DTT) held in Seoul, attended by South Korea’s Deputy…
Labour Ministry Hosts Workshop on Institutional Innovation and Change Management
A’seeb: The Ministry of Labour organized the 4th edition of a workshop focused on the ‘National System for Institutional Innovation and Change Management’. The event, held in the Wilayat of A’Seeb, saw the participation of 100 individuals from both go…
Security update: Israeli airstrikes pound Yaroun, Maroun al-Ras, Bedias, and surrounding villages in southern Lebanon
Israeli enemy warplanes on Monday conducted an airstrike targeting the vicinity of a mosque in the southern Lebanese town of Yaroun.
Concurrently, the southern town of Maroun al-Ras was subjected to artillery bombardment.
In Tyre, a new airstrike wa…