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China’s Inflation Rate Rises by 1 Percent

Beijing: China's consumer price index (CPI), a main gauge of inflation, rose 1 percent year on year in June, official data showed Thursday. The core CPI, which excludes food and energy prices, on a month-on-month basis, edged down 0.3 percent, according to the National Bureau of Statistics.

According to Qatar News Agency, the data also revealed that China's producer price index, which measures costs for goods at the factory gate, increased by 4.1 percent year on year in June.

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Gold Prices Climb by One Percent Amid Declining Oil Prices

London:Gold prices increased by approximately one percent, bolstered by a decline in oil prices as investors anticipate the upcoming US Federal Reserve monetary policy meeting for insights on future interest rate directions.

According to Qatar News …