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Category: Industry

Gold Set for Second Weekly Loss as Dollar Firms, Oil Prices Rise

Geneva: Gold prices edged lower on Friday and were headed for a second straight weekly decline, pressured by a firmer US dollar and higher oil prices, which strengthened expectations that the US Federal Reserve will keep interest rates elevated for lo…

Gold Declines as Treasury Yields and Dollar Strengthen

Doha: Gold prices experienced a slight decline on Wednesday, primarily influenced by the rise in Treasury yields and a strengthening dollar, which overshadowed the optimism surrounding a potential peace agreement between the US and Iran.

According t…

Dollar Steady Near 6-Week High Amid Inflation Concerns

New york: The US dollar was steady near a six-week high on Wednesday as investors come to terms with the possible need for higher interest rates to tackle inflation due to Iran war, pushing the Japanese yen back into the intervention zone. Against a b…

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