Business

Gold Edges Higher After Falling over 1%

Qatar NewswireComments Off on Gold Edges Higher After Falling over 1%

Gold prices firmed on Tuesday as the dollar remained soft, with investors awaiting Federal Reserve Chair Jerome Powell’s testimony and June inflation data to assess the next policy move by the US central bank.

Spot gold rose 0.4% at $2,368.06 per ounce after falling over 1% on Monday. US gold futures firmed 0.5% to $2,373.90.

Spot silver rose 0.7% to $31.00 per ounce, platinum edged 1.4% higher to $1,010.70 and palladium gained 0.9% to $1,017.94.

Source: Qatar News Agency

Qatar Newswire

Related Articles
Business

IMF Expects Steady But Slow Growth for Global Economy in 2024

Qatar Newswire

Washington: The International Monetary Fund (IMF) forecasted that the global economy is heading towards another year of steady but slow growth in 2024. This comes as the strength of the US economy is expected to outweigh the headwinds resulting from o…
Business

Monetary Authority: Repeated attacks on bank branches in Gaza double the suffering of citizens

Qatar Newswire

Ramallah – Ma’an – The Palestinian Monetary Authority confirmed that the repeated attacks on bank branches and ATMs in the Gaza Strip are threatening the continuity of the work of these branches, and their ability to disburse employees’ salaries and p…
Business

CBB Treasury Bills oversubscribed by 112%

Qatar Newswire

Manama, This week’s BD 70 million issue of Government Treasury Bills has been oversubscribed by 112%.

The bills, carrying a maturity of 91 days, are issued by the Central Bank of Bahrain (CBB), on behalf of the Government of the Kingdom of Bahrain.

…